This was one of my favorite Dave Chapelle skits and moments:
According to the ‘Urban Dictionary’ – cocaine is a “selfish drug,” where you love yourself when on it.
Hmmmm…
The ‘cash’ high is sweeping certain parts of the world at the moment. San Francisco, Venture Capitalists and of course large technology companies.
Tom at Redpoint did some analysis on the trend in VC megarounds.
We all know of the $AAPL cash hoard that Icahn would like to get his hands on. They seem to be the most careful in 2014.
$GOOG is sitting on a pile and has decided to get serious about investing it all as fast as possible.
Bloomberg is spending their ‘terminal’ cash on digital media expansion (for the moment).
Hedge Funds are chasing just about everything to catch up to the ‘knucklehead’ retail investors (like me) that have caught a huge bull run from 2009 and if late even 2012.
We are part of a huge lab experiment by central governments and the FED who see our addiction and have no clue how to fix the growing disparity in wealth. The world has never seen this much cash and liquidity and of course it is now become all ‘Jurassic Park’ on the world.
It’s ‘Cash Chaos’ and anything could happen.
Nobody knows when we will crash, but like any high that lasts this long, the withdrawls will be hellish.
Talking with a friend/realtor in the Bay Area. He says the Bay Area is out of control wrt to cash. The example he gave is bidding over a home’s asking price. He referenced LinkedIn employees, flush with cash, bidding over by large amts just because they want the house and have cash in their hands – as if it was play money. Against his advice of the home not being worth it, they pay it because they have it, and they want it. “Cash chaos”
yep … it’s spilling over into PDX, though not as bad, since Intel and Nike are very conservative in their hiring. I’m surprised it’s LinkedIn employees, though – I’d expect that from Facebook but not LinkedIn.
It’s interesting that the $150M Pure Storage deal Tom references is a series E and the company is not even 5 years old. Late stage financing is hardly “late”.
http://www.purestorage.com/company/pure-storage-150m-pre-ipo-round.html
still not a recession