3 ms·
There is something fishy about the focus of these two variables: rich savings and poor debt. It assumes a causality when there might be none- especially when th
by mgh2 5y ago
There is something fishy about the focus of these two variables: rich savings and poor debt. It assumes a causality when there might be none- especially when these were not controlled/isolated against other variables.
The article also implies that poor mortgage debt might be causing a rise in real state, but fails to consider the manipulated supply and demand of the product itself.
More perspective here: https://news.ycombinator.com/item?id=27448175 https://news.ycombinator.com/item?id=27448175