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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (1614)7/23/2016 10:55:26 AM
From: John Vosilla  Read Replies (1) | Respond to of 2504
 
Sounds like asset bubbles are needed even if it results in severe recession and destruction of capital. Without it few risk takers, few innovators, little spent on R&D

Can compare it in some ways to housing. You need prices high to make new construction and remodeling economically feasible. Back side post crash you have better product at lower costs survival of the fittest for end users to move into.