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2008: What do you mean credit default swaps on synthetic collateralized debt obligations will lead to a recession? That sounds like nonsense! 2022: What do you
by ohiovr 4y ago
2008: What do you mean credit default swaps on synthetic collateralized debt obligations will lead to a recession? That sounds like nonsense!
2022: What do you mean monkey pictures in block chains will lead to a recession? That sounds like nonsense!
- t_mann 4y agoIf a recession comes, it won't be because of NFTs. 'Traditional' finance has become hooked after a decade of loose monetary policy, that was always going to end in pain.
- ohiovr 4y agoTulips come in a variety of colors.
- low_tech_love 4y agoI don’t there’ll be a recession, just a bunch of very disappointed people with less money than they started with.
- sonotathrowaway 4y agoThat sounds like a recession.
- vmception 4y agoIts actually more like 2008, since its traders getting liquidated in complex products. Except obvious ones, instead of obfuscated provenance. The monkey pictures are … actually doing fine, maybe just “okay”, have you looked? Anybody trading ApeCoin though? It hit airdrop price, was tempting