Eddie_George

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About Eddie_George

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  1. Yes, cheap and easy finance increases the price of goods. Just look at furniture, or houses.
  2. You're behind the times, the London Underground was opened in 1863.
  3. This. An expansion of credit fed to the electorate in order to make them feel rich and get the incumbents reelected. No government will willingly turn off the tap for fear of losing power. The longer they refrain, the bigger the crash, and the longer they will be shunned by voters.
  4. Guardian - Q. 'Should I buy Now?' -

    Stock prices have "reached what looks like a permanently high plateau." - Irving Fisher, American economist, October 21, 1929.
  5. Actually it's supply of credit for the most part.
  6. Farewell Funding For Lending...

    ....... That are small enough to fail
  7. Post Your Favourite Charts Here

    Delinquency Rate on Credit Card Loans, Banks Not Among the 100 Largest in Size (By Assets) (USA) https://fred.stlouisfed.org/series/DRCCLOBS
  8. SJWs would consider that a sexist phone.
  9. That's true, but I don't think boom and bust is a prerequisite for capitalism -- it exists mainly because of short-term and selfish decisions made in the 5-year electoral cycle. Governments like housing bubbles because it makes the electorate feel rich and they can also MEW to feel even richer! Of course the inevitable bust is kicked into the long grass so the the current government can get reelected. The same goes for many policy choices, including the pension ponzi.
  10. Shoulda rented....

    Elastration. Problem solved.