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Its a necessary part of the bubble cycle. Once you're on it, you can't just wish away the bubble and say "now we're gonna run this economic sector on financial
by VLM 10y ago
Its a necessary part of the bubble cycle. Once you're on it, you can't just wish away the bubble and say "now we're gonna run this economic sector on financial fundamentals" or whatever.
There doesn't seem much political will to de-bubble economic sectors, real estate certainly hasn't been fixed and thats a larger problem, ditto medical-industrial complex.
- arenaninja 10y agoCould it be that real estate and medical haven't been fixed, just as student loans won't be fixed, because this kicks the can further down the road instead of addressing the problem?
- dexterdog 10y agoAnd that's what we do - band aid at the cost of everybody so that the industry can keep its racket going and ultimately cost even more in the future.
- hood_syntax 10y agoHousing is screwing the country (rent in particular) and it will create serious problems for the future if nothing is done about it. It's killing the opportunities for young people to save for retirement and reducing their purchasing power.