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The problem of 2008 has basically been swept under the rug. My gut feeling is telling me the next recession will be worse, because the only thing that can be d
by charlesdm 8y ago
The problem of 2008 has basically been swept under the rug.
My gut feeling is telling me the next recession will be worse, because the only thing that can be done is print more money, which repeats the cycle (but since wages never go up, but asset prices do -- so worsens the problem of more inequality)
Easy debt means easy profits, which in turns means that it's better to play a financial game over building something sustainable. It's much easier to turn $10m into $20m in a reasonable amount of time, than it is to build a proper business and sell that for $10m.