There’s stories every few days about how some new “asset class” is exploding in value. Sneakers, baseball cards, diamonds, comic books, Bitcoin (I’m sure there are many others). There are signs of a big bubble all over the place now.
Edit: I just checked Ebay... I think I need to call my mom and see if she still has those things anywhere, holy shit - https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m...
Sort by "most bids" and set the minimum value to $100. Only a few have even a single bid, with just a couple having multiple bids. Also, the most expensive single-bid items all have sellers with no feedback. The market price is one that buyers are willing to pay, not just one sellers are willing to list.
You should probably call your mom anyway though. I'm sure she'd appreciate the chance to talk to you.
This is great advice, thanks for the reminder :)
Does eBay still let you search closed listings if you're logged in?
Or is it just that more people want to invest than ever and are seeking yield/return in whatever they can get their hands on? Isn't that a good thing that lots of people have "disposable income" they want to temporarily get rid of? Why does it need to be this doom and gloom "big bubble all over the place" thing?
Low interest rates are supposed to fuel growth of productive assets. Creating and expanding businesses that create products and services that people want.
Instead, disposable income and cheap credit are pouring into things like crypto, meme stocks, and sneakers. No new value is being created. These 'assets' only continue to increase in value because of currency devaluation and ponzi scheme like effects, i.e. new people jumping aboard the 'get rich quick' train.