Where are your investments?

Silicon Valley about to Melt Down

[tangor]

The content shared below is "political", but is also FINANCIAL and many of us are trading on the market. Just a heads up:

San Francisco, heartland of wacky progressive politics but also home to some of America’s most innovative technology companies, is in trouble. Not just trouble, actually, but serious #*$!.

And the main reason is China. The Wall Street Journal has a good explainer on what’s going on over there, but the basic thing you need to understand is that a lot of glossy American stocks are about to take a tumble, especially tech stocks.

Chinese businessmen, drama queens that they are, have started throwing themselves off Beijing skyscrapers. That makes for good headlines, but it’s also a warning sign to American entrepreneurs and investors thanks to the influence on global markets that China is already having.

(Don’t feel too bad for these suicidal fat cats, by the way: their falls are being cushioned by the bodies of Foxconn factory workers assembling iPhones.)

Talking heads on CNBC are gearing up to sound smart about a crisis they should have seen coming months ago. But if you want a quick economic primer on what’s about to happen to America’s young tech giants, here it is.

[breitbart.com...]
Bobble heads is one thing, Bubble heads is another, Losing heads in market readjustment is something else entirely.

Expect a few "adjustments" over the next few weeks. And, please, don't tell me you didn't see this coming!

[toidi]

A couple of my biggest online competitors are vc backed ventures that have never made a profit, so i have just been patiently waiting them for them to go away. Maybe this is the push needed to get them defunded. Ironically, the money they do generate comes from cold calling potential advertisers, tech companies making money the really old fashion way, gotta love it.