And...it's gone: The Collapse of Luna

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The pandemic era in the stock market felt like something new. A time when all the treasure of the West could be called into service, ensuring the endless march of untold riches, economic juice and asset prices. In short, anyone with a Robinhood account and the will to win could make money. 

But those were the halcyon days, the times of plenty. And every generation must in its turn learn the old lessons. It turns out, at the end of the Everything Bubble and in the cold clarity of hindsight, investing is still hard.  

This week, with high inflation and financial tightening wrecking stock indices, the once darling Crypto complex Luna-Terra fell into the sea. The promise of algorithmic stable coins remains elusive. What comes next we ask in this newest Crypto winter?