But this is the simplest thing in the works to understand ...
I said I can't believe someone would state this ... because it naively misses the obvious bubble nature of what's going on. ... Yes it may be a free for all, any poli sci major can get a programming job ... we have seen that movie before. There was also a time when there free money everywhere get a loan for, get an ARM for your house no big deal ...
But if I said "hey guys, the banks are now giving money for free, we should get on it" ... It may be the case in the future that there is a stretch of time where that is true ... But any sensible person would have the reaction I had. Just being honest.
I said I can't believe someone would state this ... because it naively misses the obvious bubble nature of what's going on. ... Yes it may be a free for all, any poli sci major can get a programming job ... we have seen that movie before. There was also a time when there free money everywhere get a loan for, get an ARM for your house no big deal ...
But if I said "hey guys, the banks are now giving money for free, we should get on it" ... It may be the case in the future that there is a stretch of time where that is true ... But any sensible person would have the reaction I had. Just being honest.