My only consolation is that this is so obvious that it's not going to lead to a disaster. Things like the housing crisis happened because long-established institutions like credit ratings and mortgage lenders didnt do their jobs.
It's the swiss cheese model, hidden behind curtains.
This is like a giant sign saying you can buy $2 for a $1.
This is exactly how the dot com crash happened. People point out this like pets.com, but that wasn’t the issue. It was the musical chairs the played with the fiber telecoms. Today it’s data centers.
It's the swiss cheese model, hidden behind curtains.
This is like a giant sign saying you can buy $2 for a $1.