Quote:
Originally Posted by Exhibitman
That's an inductive leap. People sell for various reasons: personal finances, desire to do something else with the money, moving, etc. You cannot make macro conclusions from micro actions of a few people.
Vintage card prices have been declining (gasp) for a while now, but there are no 'precipices', just a normal correction off of some crazy market highs.
If you want to predict that the sky is falling, you are probably right...eventually. Most leading economists have successfully predicted nine of the last five recessions.
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True, buuuuttt more akin to saying that the influx of covid stimulus and speficially PPP loans led to people into buying cards they shouldn't, couldn't or wouldn't otherwise.. when any big players starting out...be fearful. Heck I sold! That tell you something right there ...I kid