I think we've crossed the threshold where no one can really conceive this number anymore. https://twitter.com/zarkoh/status/772504524917469185 …
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: there are a frequently-made set of concurrent arguments when the details are presented this way. They tend to be bunk.
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Replying to @slightlylate @ZarkoH
: so yeah, I'm pattern matching...but given the ZH credit in at least one of those charts, guessing I'm not far off ;-)
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Replying to @slightlylate @ZarkoH
: the big thing to understand here is that there are things to worry about. Always true. But scale/proportion matter.
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Replying to @slightlylate @ZarkoH
: like, is the expansion of credit bad? Maybe! Perhaps probably! But only in relation to other things.
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Replying to @slightlylate @ZarkoH
: more importantly, is it cause or effect? And if effect, what are the determinants? Usually: "it's complicated"
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: the traditional ZH poster is looking for the headline of "X happened, therefore it's simple (short this thing I'm long)"
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