{"id":66230,"date":"2021-04-24T02:15:59","date_gmt":"2021-04-24T09:15:59","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=66230"},"modified":"2025-03-07T13:47:21","modified_gmt":"2025-03-07T21:47:21","slug":"black-coffee-24-apr-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id66230-black-coffee-24-apr-2021.html","title":{"rendered":"Black Coffee: Greetings from Crazy Town"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a wonderful week. And with that, let’s get right to this week’s commentary, shall we?<\/p>\n

Insanity is rare in individuals; but in groups, parties, nations and epochs, it’s the rule.<\/em><\/p><\/blockquote>\n

— Friedrich Nietzsche<\/strong><\/p>\n

In a free society, one does not have to deal with those who are irrational. One is free to avoid them.<\/em><\/p><\/blockquote>\n

— Ayn Rand<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit:<\/strong><\/span> Did you see this? Hedge fund manager David Einhorn recently warned of stock market dangers for retail investors<\/a>. One of his main examples was a tiny New Jersey deli with sales of $35,748 during the last two years — combined<\/strong><\/em> — and yet it has a market capitalization of more than $100 million. Early retirement, here we come! But seriously, this is a prime example of what passes for “wealth” in today’s America. Sad.<\/p>\n

Debit:<\/strong><\/span> Whether it’s a high-flying stock market that has become detached from reality, an unhinged housing market, or teenagers becoming near-millionaires after using their COVID stimulus checks to buy skyrocketing cryptocurrencies that were originally intended to be a joke at their inception, it’s clear that the true meaning of money<\/a> is quietly slipping away. Still, most people still see nothing wrong with the dollars in our wallets because rot remains hidden — for now …<\/p>\n