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Nebakenezzer
Sep 13, 2005

The Mote in God's Eye

Yes

The 0.1% have so much money that anytime an investment comes along with better than interest returns immense amounts of money come sloshing in, distorting and inflating a bubble

Investment houses make money as they are the gatekeepers for this sorta investment, and they can use their unique privileged position to "manage" the bubble

Matt Tabbiti (sp?) likened it to taking bets as to when a watermelon tossed out of a 40 story window will hit the ground

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Nebakenezzer
Sep 13, 2005

The Mote in God's Eye

llllllllll posted:

Do you have a link to the Taibbi piece?

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

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