> The irony that some of this liquidity is your very own retirement funds is not lost on me. A self-feeding loop. This “self-feeding loop” is actually complete

> The irony that some of this liquidity is your very own retirement funds is not lost on me. A self-feeding loop. This “self-feeding loop” is actually completely expected and not at all ironic. One of the core benefits of credit markets is the ability to shift your income across your lifetime: to support spikes in spending like buying a house, or fill periods of lower income like retirement.