3 ms·
What a world we live in: spending all you money and maximizing your debts is the new credo. Pay back? Will never happen. I think 'the Germans' were never a big
by Gys 7y ago
What a world we live in: spending all you money and maximizing your debts is the new credo. Pay back? Will never happen.
I think 'the Germans' were never a big supporter of keeping the economy running at all costs. Like the way the ECB operated in the last few years.
Sooner or later there will be a crash. But somehow everyone thinks that will never ever happen.
EDIT: typo
- Ididntdothis 7y agoThis time it’s different :)
- danmaz74 7y agoIt's the first time I hear about this new credo. Source?
- benj111 7y agoBut we're 10 years into this low interest rates/ low inflation environment, which came about after the last crash. I don't doubt a crash/recession will come eventually, it doesn't seem obvious to me that that will take it back to how it was before.