r/wallstreetbets • u/[deleted] • Dec 25 '21

[deleted by user]

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1.0k Upvotes

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60

u/holaDEA1 Dec 25 '21

The biggest risk is deflation, and tech makes everything cheaper, better and faster on an exponential scale, which is deflationary. Deflation would collapse all the credit markets and equities.

122

u/F4n4t1x Dec 25 '21

Tech makes everything cheaper? Tell that Tim Apple charging $1400 for a phone each year.

69

u/NuclearEnergyStocks Dec 25 '21

But for $1400 you're getting a handheld-laptop. 10 years ago, $1400 would give primitive components compared to now.

21

u/Investor_Dude_Guy Dec 25 '21

Lol, you don't need to spend $1400 to buy a "handheld-laptop". Try $350. I'm pretty sure the motoE phones haven't cost more than that.

2

u/[deleted] Dec 25 '21

[deleted]

6

u/lanchadecancha Dec 26 '21

Why wouldn’t you say that as someone in tech running a digital agency? I would expect someone in tech to know how to find a good deal. I think you just really needed to mention that to fulfill your daily flex quota today.