April 25, 2021 | Signs, Signs, Everywhere Signs
Jim Quinn James Quinn has held financial positions with a retailer, homebuilder and university in his 30 year career. Those positions included treasurer, controller, and head of strategic planning. He earned a BS in accounting from Drexel University and an MBA from Villanova University. He is a certified public accountant and a certified cash manager.
“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”
SIGNS, SIGNS, EVERYWHERE SIGNS
blacklistednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blacklistednews.com Daily Mail and Mail on Sunday newspapers.
“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”
― John Kenneth Galbraith, A Short History of Financial Euphoria
The signs of an epic bubble of historic proportions are everywhere. The stock market is a bubble, with valuations exceeding 2001. Margin debt is at all-time highs. The bond market is a bubble, with the Fed artificially suppressing rates and pumping trillions of QE into Wall Street. Housing is experiencing another bubble, with prices now far exceeding the 2005 peak. Bitcoin and the rest of the crypto-currencies are a bubble, being driven by the excess liquidity sloshing around the system. A joke crypto currency like Dogecoin soars into the stratosphere because money has no meaning anymore.
Wayne Gretzky scores big as Heritage Auctions sells his 1979 rookie card for a record $1.29 million
1979 O-Pee-Chee Wayne Gretzky #18 Rookie PSA Gem Mint 10.
DALLAS, TX
.- Wayne Gretzky has always been The Great One. But early Friday morning he became The Greatest One when the Canadian version of his Edmonton Oilers rookie card became the first hockey card ever to break the million-dollar mark.
One of only two known 1979 O-Pee-Chee Gretzkys graded Gem Mint 10 by Professional Sports Authenticator sold for $1.29 million during the first session of Heritage Auctions four-day Fall Sports Collectibles Catalog event. That s almost three times the previous record of $465,000 set four years ago, when there was but one known PSA Gem Mint 10 known to exist. The Gretzky O-Pee-Chee that sold Friday belonged to entrepreneur Patrick Bet-David.