2 ms·
If you open graphs over inflation and interest rate since 1971 you will understand why debt is not coming again in nominal terms until the dollar goes away; tha
by bullen 7y ago
If you open graphs over inflation and interest rate since 1971 you will understand why debt is not coming again in nominal terms until the dollar goes away; that is in real value compared to something that you cannot borrow to buy:
https://www.whythings.net/Images/Inflation_chart.jpg https://www.whythings.net/Images/Inflation_chart.jpg
https://beta.theglobeandmail.com/legacy/static/folio/mortgage/chart.jpg?token=1496685693 https://beta.theglobeandmail.com/legacy/static/folio/mortgag...
Technology; like money, can't change physics. Just like when you hit a ball; what goes up must come down.
While looking at the graphs, consider that the personal computer and the internet were invented in the 70s. We went to the moon then too.
Virtually nothing in technology has changed since the 80s.