3 ms·
It's only unsustainable if the underlying assets don't allow for 7% return in the long run. It's possible capital is scarce relative to the opportunities for i
by idanoeman 11y ago
It's only unsustainable if the underlying assets don't allow for 7% return in the long run. It's possible capital is scarce relative to the opportunities for investment such that 7% real returns are the norm. In that case, it doesn't matter if everyone believes in the 7% rate, there will be no crash.