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There is no "now what". That's the problem. There's only so much "good debt" to buy and it's all bought. These systems depend on continuous growth to functio
by oldpond 11y ago
There is no "now what". That's the problem. There's only so much "good debt" to buy and it's all bought. These systems depend on continuous growth to function, and unless you can figure out how to sell mortgages to Martians, you are fresh out of growth. Maybe I'm wrong, and maybe they'll figure out how to have another bull run, but I think they've hit the wall.
- forgetsusername 11y agoWhat times we live in, to be the generation that experiences the "end of growth"! Ill bet anything that you're wrong, though.
- oldpond 11y agoNot the end of growth, but for the financial system, yes. Why does it always have to be a bet? There's no mystery to the financial system.