| ▲ | kingleopold 3 hours ago | |
difference this time is they have "fiat money" and money printer. Market and all inv. bankers knows that in major crash they will print unlimited amounts so back to same prices or near them. printer is still printing and it's only goes to selected investments | ||
| ▲ | byzantinegene 2 hours ago | parent | next [-] | |
not at current inflation levels, no way to "print" if it means causing inflation to spike beyond unhealthy levels. | ||
| ▲ | lstodd 3 hours ago | parent | prev [-] | |
As if they did not back then. Fiat is just simpler to work with, but one can pull a bubble without it just fine. Anyone forgot the railroad crash of 1873? The tulip mania of 17th century? | ||