The Degenerate Economy, EToro's Market Survey, Ribbon Jobs V2

The Social Leverage Letter | Issue #145

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Howard discusses the rise of the 'degenerate economy,' characterized by 'speculation as entertainment' and 'investing as a sport,' with a focus on the increased prevalence of high-risk financial activities since the 2008 financial crisis. Hs highlights the evolution of platforms like Stocktwits, the continuous market activity, and the emergence of financial innovations like Bitcoin, Robinhood, and NFTs.

eToro's latest Retail Investor Beat report, surveying 10,000 retail investors across 12 countries, reveals that cash is the most popular investment, with 69% favoring savings accounts and similar instruments due to high interest rates. Cryptocurrency is gaining traction, especially among younger investors, with 32% holding crypto assets and a growing interest in prioritizing these investments. Equities also remain popular, particularly in financial services, technology, and energy sectors.

Ribbon Jobs V2 (Fund IV) is a revamped job search platform designed to expedite job hunting with features like AI-powered, one-click cover letters, instant application advice, and tailored salary estimates. It offers customized job lists and smarter job matching without requiring sign-up, ensuring users find and apply to the most relevant and active job postings quickly and efficiently.

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