As I said above, I don’t think there’s a solution. I know we’re doomed. I’m not suggesting anything. My initial point was only that it’s foolish and mean to cheer on the pop, because it doesn’t mean what a lot of people seem to think it means.
Saying “Can’t wait for this to pop!” to me reads like, “I can’t wait for millions of people to have their lives ruined while governments divert all our funds to billionaires as they fly off to their islands to watch the hunger games.” The only people who are going to be hurt when everything collapses is us.
Also fwiw the report does have a “What we can about this” section, outlining what they think needs to be done to contain the fallout before it swallows everyone. That’s kind of the real point of the document: “Here’s 50 pages on how this is about to destroy the life of every living person. Here’s how policy makers and business leaders can soften the blow.” But it’s all recommendations for government regulations, “no bail outs,” and sound economic advice for the bubble-blowers. So, none of that is going to happen.
Say we did read that report. What is the alternative to the bubble pop? What are you suggesting be done instead or to mitigate the fallout?
As I said above, I don’t think there’s a solution. I know we’re doomed. I’m not suggesting anything. My initial point was only that it’s foolish and mean to cheer on the pop, because it doesn’t mean what a lot of people seem to think it means.
Saying “Can’t wait for this to pop!” to me reads like, “I can’t wait for millions of people to have their lives ruined while governments divert all our funds to billionaires as they fly off to their islands to watch the hunger games.” The only people who are going to be hurt when everything collapses is us.
Also fwiw the report does have a “What we can about this” section, outlining what they think needs to be done to contain the fallout before it swallows everyone. That’s kind of the real point of the document: “Here’s 50 pages on how this is about to destroy the life of every living person. Here’s how policy makers and business leaders can soften the blow.” But it’s all recommendations for government regulations, “no bail outs,” and sound economic advice for the bubble-blowers. So, none of that is going to happen.
Foolish, sure, but you understand that the cheering is against the rich people, right? Like maybe by people don’t own stocks?