ZIRP Survey

[don]

Re: ZIRP Survey

Bubbles are "fairer" since speculators "deserve" to be crushed. You are left with infrastructure at the end... Internet and houses.

For those not imbibing the bubble Kool Aid, bubbles nevertheless mask flat or falling salaries and wages. The savers get to stand on the sidelines and eat . . . well, you know what I'm getting at.

[mesyn191]

Re: ZIRP Survey

For those not imbibing the bubble Kool Aid, bubbles nevertheless mask flat or falling salaries and wages. The savers get to stand on the sidelines and eat . . . well, you know what I'm getting at.

Bubbles certainly aren't desireable, but if the choice we have is between a bubble of some sort OR a ZIRP powered FIRE economy pushing all the wealth upwards to a rich few its better to have a bubble.

Personally I'd rather have an economy with rising wages and that rewarded savers to some extent at least but you might as well wish for unicorns if you wanted that at this point.