The much anticipated AirBnB IPO hit today and its a biggie! Right now its trading:
(from marketwatch)
$90 Billion in market cap created just like that, this is how you create securities, this is how you create assets, but this is also why the money supply, I mean the debt supply will have to continue as well, because you don’t get valuations without the support of credit, debt and leverage! So long live QE!
AIR BNB !???
The much anticipated AirBnB IPO hit today and its a biggie! Right now its trading:
(from marketwatch)
$90 Billion in market cap created just like that, this is how you create securities, this is how you create assets, but this is also why the money supply, I mean the debt supply will have to continue as well, because you don’t get valuations without the support of credit, debt and leverage! So long live QE!