alt Hacker NewsThe cause is always a failure of underwriting. That was true of the Savings and Loan Crisis, the Great Financial Crisis.
It feels like each bubble gets bigger.
Replies
theideaofcoffee • yesterday at 8:02 PM
And for this one when insurance companies are forming syndicates because their underwriting becomes greater than any one company, it just sounds frightening, the sound this thing is going to make when it finally pops.
> It feels like each bubble gets bigger.
Well you would expect that given that the market keeps getting bigger and the money in circulation keeps getting bigger.
Inflation alone means each bubble should be bigger than the last all other things being equal.