I propose you're getting overly philosophical. We live in a hyper-financialized economy. That means everything relies on (cheap) debt. A lot of debt repaymen

I propose you're getting overly philosophical. We live in a hyper-financialized economy. That means everything relies on (cheap) debt. A lot of debt repayment plans relied on "everything is awesome" as economic prediction, as a justification for the initial investment. What happens to all those financial plans when growth predictions impact reality like a bug hitting a windshield? That might be a little problem. Top to bottom, from the worlds largest alternative oil source projects down to housing bubble mortgages and high credit card balances. Oh no fears the predictions show high growth into perpetuity that'll take care of everything eventually. Until it doesn't. Whoops. There is also the ongoing implication of lie to me once shame on you, lie to me twice (or five times in this example) shame on me. So you can make deals based on lies about the future one time, two times, three times. But its getting to the point that future predictions are now assumed to be lies, and that has major effects on current deal making. Whats the effect on your commission today for selling a loan balance based on now-2% vs a couple years ago selling a much higher loan balance based on now+3%? Can you even sell loans now? Can a hyperfinancialized economy survive a debt market freeze up? A lot of players won't. Get the printing presses fired up for the inevitable bailouts...