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Albo and team Labor destroy the asx, page-55

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Jrowl1

2,950 Posts.

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14/06/22

18:09

Post #: 61997967
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Originally posted by Crom Valen: ↑

The party was over as soon as inflation turned up. You can’t kill it printing money or lowering interest rates, so for politicians, central bankers, and asset bubbles it is nothing less that Kryptonite.

You are right though. People expect to be bailed out, and made their decisions accordingly. That era is now over due to inflation. You can bail out some banks, but you cannot bail out entire populations of people in western countries. The economic system that died during the GFC - and was then put on life support by central banks ever since - could not sustain a bail-out on such a scale.

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1987, 1997, 2001, 2008, 2018, 2020 and next 2022/2023 another big bailout, there is no 'not enough money' to not bailout.
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