05-29-2024, 10:19 PM
expect the crash to bottom out
You reminded me. Those same people also let us know when the bottom has arrived because all of those irresponsible and predatory mechanisms enabling the most vulnerable and least sophisticated to acquire assets, will evaporate. As if on cue, our "leaders" will proclaim, as they always do, that this most recent crash has occurred due to these predatory practices and "something must be done!".
Action including knee jerk overreaction is taken against the practices (never the predators). The end result is that, astonishingly, at the very moment that assets are most affordable, credit dries up.
Coincidentally, now only the unpunished predators, who still have access to or do not need credit, are left to cherry pick the nicest fleeces.
At this point (the bottom) we begin the process again.
You reminded me. Those same people also let us know when the bottom has arrived because all of those irresponsible and predatory mechanisms enabling the most vulnerable and least sophisticated to acquire assets, will evaporate. As if on cue, our "leaders" will proclaim, as they always do, that this most recent crash has occurred due to these predatory practices and "something must be done!".
Action including knee jerk overreaction is taken against the practices (never the predators). The end result is that, astonishingly, at the very moment that assets are most affordable, credit dries up.
Coincidentally, now only the unpunished predators, who still have access to or do not need credit, are left to cherry pick the nicest fleeces.
At this point (the bottom) we begin the process again.