Thursday, March 19, 2020
Anything to keep the bubble
0.1% interest rate, anything to keep the bubble going. 1991 Housing bubble leading to dot.Com bubble by late 90.s Leading to housing bubble II of early 00s That crashed and burned in 2007-08. No lessons learnt. Carry on with more bubble blowing in asset price inflation, stock market bubble, housing bubble, tech bubble, Crypto bubble of 2017 New technology 10's of billion dollar companies which loose money bubble. Now before anything comes to light, this frothy market and the bubble starts to deflate more bubble blowing. If only the previous bubbles would have done its cleanup we would have more companies that made real money for real work. They will be able to exists for a few months without handouts and also support the people and the customers who work there. Rant over.