If the financial bubble expanded
by banks originating, repackaging, securitizing, re-appraising
and distributing auto, real estate, student loan, credit card etc…debt
and those who bought and lost can’t or won’t buy more
how can economic growth rebound to prior levels
with out non bank purchasers of securitized debt?
2 comments:
The only possibility I see is significant growth in another (probably non-financial, given their current limitations) area of the economy.
America actually pulled that off just over a decade ago but investor optimism, innocence or laziness managed to turn it into the "internet bubble".
So even if it happens I recommend you act like you've got some sense.
absolute genius
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