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The Austrian Business Cycle Theory is after all, a theory

Posted on: February 21, 2020 at 20:03:50 CT
tiger4real MU
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How many real asset bubble bursts have occurred the last 100 years? In the United States, not many.

Why is that?

.... “it just hasn’t happened yet” ... “just wait..”. Okay.

The difference is the today’s consumer is more intelligent. That’s what humans, as a whole, do. We evolve. We get better.

There is also more information readily available to the average consumer today. There is more competition. Technology and innovation have led to better products and services.

We might have a day of reckoning in the future when US Debt overextends itself and the Dollar gets crushed. But that’s not happening in 2020, which is apparently what the the Austrians are predicting.
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If the Austrians are right, & I think they are, Trump's bigg - JeffB MU - 2/21 16:48:03
     you guys are really flailing at this, time to educate - Savage KC - 2/22 07:15:05
     There has to be a catalyst to “burst” a bubble - tiger4real MU - 2/21 18:36:15
          The bubble... A link to the monetary base... - JeffB MU - 2/21 20:47:56
               So what happens next? - tiger4real MU - 2/21 21:29:50
                    Bubbles are notoriously difficult to predict. They have a - JeffB MU - 2/21 21:53:40
                         I remember a seminar hosted by The Economist a little while - JeffB MU - 2/21 22:05:48
                              I remember it well, only it didn’t go BOOM in my mind - tiger4real MU - 2/21 22:21:32
                                   The government bailed out the US & many banks around - JeffB MU - 2/21 22:37:17
                                        The only thing that could stop the US - tiger4real MU - 2/21 22:45:18
                                             No one foresees when bubbles will pop. Even those - JeffB MU - 2/21 23:08:20
                         Paul Krugman has been wrong most of his career - tiger4real MU - 2/21 22:01:38
                              Actually, there have been quite a few around the world - JeffB MU - 2/21 22:23:16
                                   In 2008 it sure happened to us, that’s for sure. - tiger4real MU - 2/21 22:36:43
                                        It's probably not the end of the world, but many countries - JeffB MU - 2/21 22:41:55
                                             Democracy helps(nm) - tiger4real MU - 2/21 22:49:28
                                                  Yes, but the US republic seems a lot more brittle and less - JeffB MU - 2/21 23:18:12
          They were saying the same thing before 'The Great - JeffB MU - 2/21 20:15:28
               He nailed it, for sure. - tiger4real MU - 2/21 21:22:05
                    Current debt per family is $893,223 not counting - JeffB MU - 2/21 21:37:57
                         RE: Current debt per family is $893,223 not counting - tiger4real MU - 2/21 21:50:35
                              As Peter Schiff noted, those values can be illusory. As my - JeffB MU - 2/21 22:54:23
          true And with the world economy down inflation is not likely - TigerFan92 MU - 2/21 20:07:26
          Bubbles are solely created by interventionist gvmt - pickle MU - 2/21 19:18:11
               The Austrian Business Cycle Theory is after all, a theory - tiger4real MU - 2/21 20:03:50
                    It’s not predictive; it’s descriptive - pickle MU - 2/21 20:34:13
                         Name a few..?(nm) - tiger4real MU - 2/21 21:31:27
                              the housing bubble, the dot com bubble - pickle MU - 2/21 22:18:25
                    The Great Depression happened shortly after the Federal - JeffB MU - 2/21 20:22:03
          lol - meatiger MU - 2/21 18:57:13
               I think you meant debt is valued too “high” ? - tiger4real MU - 2/21 20:07:00
     2020 baked in. Have you seen the Democrat.... - JayRoy KC - 2/21 18:28:29
          Not sure what you mean. Could you expound upon that a little - JeffB MU - 2/21 20:25:06
     The Austrians are right. - ummmm MU - 2/21 17:41:49
          It would happen anyway - pickle MU - 2/21 20:32:42
               I'm pulling for Trump as the alternatives are horrid, but he - JeffB MU - 2/21 21:02:55
          Nooooop(nm) - TigerFan92 MU - 2/21 20:06:33
          Whichever side it is - meatiger MU - 2/21 18:54:52
          The Austrians are right like a broken clock is right 2x - SparkyStalcup MU - 2/21 17:59:32
               Oh okay (nm) - ummmm MU - 2/21 18:27:27
          less than 10% of voters will pay attention to anything - 90Tiger STL - 2/21 17:51:21
               Fewer (nm) - MrBlueSky MU - 2/21 18:06:29
                    would fewer be less than 10% still? I have you in that - 90Tiger STL - 2/21 18:12:44
                         You correct people in the same manner all the time. - MrBlueSky MU - 2/21 18:30:02
                              they weren’t early humans (nm) - pickle MU - 2/21 19:29:16
                                   Yes there were. - MrBlueSky MU - 2/21 20:51:28
                                        it’s amazing how ****ing stupid you are (nm) - pickle MU - 2/21 22:20:28
                                        lmfao (nm) - 90Tiger STL - 2/21 21:30:33
                         He's firmly in that group. (nm) - ummmm MU - 2/21 18:28:24
                              lol (nm) - MrBlueSky MU - 2/21 18:30:41
                                   he’s right - pickle MU - 2/21 19:32:33
                                   I'm sorry, but it is true. (nm) - ummmm MU - 2/21 18:48:34
          Lol, Trump is not stupid. Why all the trade deals in the - Savage KC - 2/21 17:50:15
     it will pop, some time, and the Rs and Ds will spend 20 - 90Tiger STL - 2/21 17:30:43




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