3 ms·
Before every single crash of the past 100 years, someone always says this: "but the world is just fundamentally different..." Yes, you are correct, the world i
by sgnelson 8y ago
Before every single crash of the past 100 years, someone always says this: "but the world is just fundamentally different..."
Yes, you are correct, the world is fundamentally different. And it was fundamentally different in 1893, 1929, 1987, 1999, 2008.... Just because things are fundamentally different has yet to stop a crash from occurring.
Things may be fundamentally different, but one thing hasn't changed; Boom and bust is a fundamental aspect of capitalism. It's not if, it's when.