Recipe for Disaster Pancakes:
Simply, artificial low interests, and government guaranteeing all sorts of things in the private market place where speculators feast.
Add a pinch of sea salt and fresh coriander and enjoy with your favorite sex toy.
It's like saying to the borrower, "Here's the organic carrot you really can't afford. It's like magic" and to the lender "itsokay if they're risky we got your back."
On three levels you had explosive speculation that basically led to a depression. At which point, it explodes and everyone screams for more regulation, temporary stimulus and higher taxes to make up for the losses. Ugly vicious cycle that.
What do you expect will happen next?
Fill in the blank.
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