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I hear this sentiment all the time and the associated stats. But somehow the pendulum of spending always keeps swinging.
by duxup 2y ago
I hear this sentiment all the time and the associated stats.
But somehow the pendulum of spending always keeps swinging.
- toomuchtodo 2y agoAs long as it remains profitable to lend after losses, the credit spigot stays open (with cyclic loosening and tightening based on risk appetite and position within the macro cycle). How The Economic Machine Works by Ray Dalio [video] - https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0