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Unfortunately, the market is no better. The governments allow their central banks to print fake money while the market allows its financial institutions to prin
by mortenjorck 17y ago
Unfortunately, the market is no better. The governments allow their central banks to print fake money while the market allows its financial institutions to print fake assets.
Whether it's currencies or CDOs, a bubble is a bubble. Valuation is an art that got lost somewhere in the science.
- Tichy 17y agoBut the market can't force people to buy their assets. Ultimately of course that is true for money, too (people could go back to bartering or whatever), but it seems a much farther stretch.