Appears like 2007/2008 subprime crash. Watching it unfold in slow motion. "Experts" and "leaders" downplaying the risks, not taking action quickly enough, saying things are under control/contained, confidence games...
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I’ve been telling people that the two events feel oddly similar. “It’s just the flu” reminds me of “subprime is contained.”
End of conversation
New conversation -
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And not much real attention from the media yet and not many difficult questions being asked.
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