Seattle Bubble Forum Archive

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Tim,

The Onion article you posted is spooky close in overall message to a serious, authentic article written by Eric Janszen. Check it out.




..... the Internet and housing hyperinflations transpired within a period of ten years, each creating trillions of dollars in fake wealth, is, I believe, only the beginning. There will and must be many more such booms, for without them the economy of the United States can no longer function. The bubble cycle has replaced the business cycle.....

.....Our economy is in serious trouble. Both the production-consumption sector and the FIRE (finance, insurance, real estate) sector know that a debt-deflation Armageddon is nigh, and both are praying for a timely miracle, a new bubble to keep the economy from slipping into a depression.......
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I'm just trying to figure out when economic depression, or recession even, became synonymous with Armageddon. It's almost like "if I have to go back to not buying a new car every 2.5 years I will certainly die!"

</sigh>