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The statement was: "Usually a good contra-indicator for economic health". It's a surprising and counter-intuitive claim. Requires more than a single example. It
by jacobmoe 9y ago
The statement was: "Usually a good contra-indicator for economic health". It's a surprising and counter-intuitive claim. Requires more than a single example. It at least requires more examples than you can find to show the opposite of the claim.
- seanmcdirmid 9y agoJapan is the most apt example. Excess is usually an indicator that a crisis is on its way. The housing bubble pre 2008 in the USA, the roaring 20s before the Great Depression. This isn’t a controversial observation that steep rises are typically followed by even steeper falls, which is why the balloon analogy is so apt. But ATM, china’s situation most resembles Japan.