just in case the logic of it unclear to anyone: all securities are volatile to some extent. Private indivs who speculate with borrowed money need gains to make interest payments
so whatever the underlying value of an asset, once it is being fueled by consumer debt there's a bubble; when ppl start selling in a slump to make payments, debtors are underwater, *pop*
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(in theory if pros bet with borrowed money their risks are hedged... and if they lose they stay solvent... and if they fail there is no contagion. in theory.)
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