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It's like speculation on top of speculation. Reminds me of the MBS/CDOs of the housing crisis. Speculative loans of speculative loans. > All we need now is som
by setecgastronomy 9y ago
It's like speculation on top of speculation. Reminds me of the MBS/CDOs of the housing crisis. Speculative loans of speculative loans.
> All we need now is someone adding leverage and hilarity shall most certainly ensue
Oh, it's already starting. Believe me.
Usually when you start hearing of "record setting" purchase of art, you start your clock on the next recession. I guess this could be that moment. Wouldn't be surprised if we have a recession in the next 2 or 3 years.