Tag: Bear

What a Bear Market Looks Like

~ cafebedouin

But for those of us who were investing in tech and tech startups back in 1999-2002, that time will forever be etched in our minds. It was a brutal period during which our belief in the Internet and its potential was sorely tested. Many friends and colleagues left the sector and never returned.

So while crypto asset prices are down 80-95% in USD terms over the last year, they could and probably will go lower. Amazon was down 80% a year into the post-bubble bear market and it got cut in half again before it made a bottom almost two years after it peaked.

What we have yet to see in crypto land is when they kick you when you are down. And that is certainly coming. Regulators came after the Internet sector in a big way post the bubble and that seems likely to happen in the crypto sector too.

And most everyone in big companies wrote the Internet sector off, cancelling their Internet efforts as a fool’s errand. That seems likely to happen in crypto too.

-Fred Wilson, “What Bear Markets Look Like.” AVC.com. November 25, 2018.

Note the date(s). h/t to Jason Yanowitz.

Patricia Lockwood Reviews Bear by Marian Engel

~ cafebedouin

“It’s easy to forget that the female writers of Engel’s generation are telling their stories after generations of mothers and grandmothers (and Aunt Ednas whose ‘talent was slicing in half slices of sliced store bread’) said nothing. This was not simply a matter of oppression, it was a deep and violent sense of propriety that her generation, just as violently, was trying to cut out. More than one Engel protagonist speaks of her ‘stiff pudeur’, which sounds like a little pussy wearing a crinoline, dancing with herself in a ballroom. The books are in hand-to-hand combat against that, and ultimately they are a triumph. People like Engel write books not to shock society but to free themselves, to violate some inner constraint that makes the agreed on forms of living unbearable…

…Much of women’s work is what allows life to continue. The rest is like … Windexing the veneer of civilisation every morning to keep it shiny, or cooking Beef Wellington every night for a pig king who would be just as happy eating apple cores. Equitable division of household labour has always had to contend with the fact that no husband on this earth was ever raised by Mary Passmore, hears her voice in his mind when he enters the grocery store or hunkers down to wax the baseboards. The phrase ‘slut’s wool’ isn’t in his vocabulary, or if it is it means something different. Alice Munro said that Engel ‘felt a need to be forthright [with interviewers], to show herself to them as fully human, dirty dishes, empty bottles and all’. But what she was displaying, perhaps, was the same principle of refusal that constituted both her defiance and her sense of humour. A sense of humour can be sad, after all, or sour, or a broad clowning gesture to the chaos behind you.”

-Patricia Lockwood, “Pull off my head.” The London Review of Books. August 12, 2021.

Patricia Lockwood is a God-damned treasure. There’s a good chance that this is the only book review you’ll ever read that’ll make you think, “A love story between a woman and a bear? Sure, why not?” And the writing! “Where is the taser for the reader’s balls?”, indeed!