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I don't think they say it's an infinite bubble, but one that may continue much longer than non central bank driven bubbles. I guess the hope is that real econo
by dharma1 10y ago
I don't think they say it's an infinite bubble, but one that may continue much longer than non central bank driven bubbles.
I guess the hope is that real economy growth starts improving and QE can be tapered and prices auto correct over time, rather than a sudden pop in inflated asset prices and adverse effects to real economy from that.
Where the growth is supposed to come from (within next 5 years) I'm not sure, so the money creation might continue for quite a while.
- rybosome 10y agoWhat could the economic growth come from other than advanced technological development? Regardless, I don't see how the dependency on constant growth is sustainable.
- dharma1 10y agoYes, definitely technological development. And there is a lot of poorly allocated of capital (non-productive asset bubbles, corruption, ineffiency etc) that could be put to better use. But I don't think that will change much in 5 years