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IPFS News Link • General Opinion

Blain: Investors Will Be Asking Themselves: "How Could We Have Been So Stupid?"

• https://www.zerohedge.com by Bill Blain

Interesting week in prospect with the great and the good hobnobbing in New York for the UN Climate Action gab-fest.  Which global leader will win the prize for the greatest display of overdone sycophancy to a) Greta Thunberg, b) Donald Trump (who won't be there..), or for snubbing Brazil's Jair Bolsonaro. I know which ones I wouldn't vote for.  Whatever happens in NY, it's clear Greta has changed the global agenda on Climate chance – putting it at the top of every politicians to-do list.  Germany has clearly been listening – the new black-zero Carbon programme trumps anything else in Europe.

Elsewhere I can only giggle that its all coming apart at WeWork – exactly as predicted months ago. The sparkling consciousness changing Tech company that is really just a property letting agency looks on the edge of self-implosion following the pulled IPO.  Its possible the frankly weird CEO could be ousted this week. Its going to trigger some serious reassessment of the unicorn sector/model – lots of comment about 2000 dot.com boom all over again.  Yet again global investors will be asking themselves: "how could we have been so stupid??"  There is always another charlatan selling the deeds to a snake oil mine waiting somewhere in the wings.