The following chart shows personal consumption expenditures for gambling divided by all personal consumption expenditures.
On the one hand, traditional gambling peaked in 2007 at 1.126% of personal consumption expenditures.
On the other hand, this chart doesn't show bitcoin, Tesla, GameStop, and record margin debt.
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
...
2 weeks ago

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