"36 lovedonbass
To be precise, on aggregate, lots of new debt-money is created when a house is sold in the west… a ponzi on top of a ponzi!"
Posted by: E | Jul 3 2025 19:11 utc | 53
You are correct.
But the real mask is when interest rates go up o instead of paying $2k a month on your mortgage you are paying $3,200-that strangles discretionary spending, there is no productivity in high interest rate in rentier.
But the good old GDP dos not differentiate! It just MOAR is better= no matter if its Ponzi or other wise.
Posted by: canuk | Jul 3 2025 19:18 utc | 56
