by John Rubino
Dollar Collapse
On today’s Wall Street Journal home page, two articles appear side-by-side. One is about how a heretofore obscure, nearly-valueless cryptocurrency called dogecoin, originally created as a joke, has soared to the point of being consequential for large sections of the investing public. And it’s not unique:
Dogecoin Is a Joke, but It’s No Laughing Matter
Dogecoin isn’t alone. It is clearly part of a broader wave of excess that spread across a bunch of different speculative assets over the past year.