I went through the numbers a few years ago here (incl links).
I went through the numbers a few years ago here (incl links).
The underlying cause of every bubble - debt masquerading as financial innovation - depends on not just short financial memory & speculative neophytism, but reinventing jargon of finance, like how each generation of kids has new ways to say same things.
The underlying cause of every bubble - debt masquerading as financial innovation - depends on not just short financial memory & speculative neophytism, but reinventing jargon of finance, like how each generation of kids has new ways to say same things.