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"They have run out of productive investments that make sense." This used to be the definition and justification of recessions. Liquidate recent bad investment
by VLM 11y ago
"They have run out of productive investments that make sense."
This used to be the definition and justification of recessions. Liquidate recent bad investments so we can start over on a stronger more stable base. At least in the old days.
Now we do coverups and bailouts to delay and increase the inevitable. That's not going to end well.