The FDA Commissioner also promoted a report from the Make America Healthy Again Commission, which President Donald Trump's administration released earlier this week
The reason it never crashed before is because it never bubbled before.
The reason it never bubbled before is because the banks never wrote junk mortgages before.
The reason the banks never wrote junk mortgages before was because they didn’t realize that they were “too big to fail.”
Massive wealth inequality also drives the situation, because there’s a small slice of people who can afford anything and they tend to drive up the prices of things for other people who can’t really afford the run-up.
Can it come to pass that their heads come off?
“All of this has happened before, and it will all happen again.”
No. R3v0luti0n is impossible in a postindustrial society.
So was a housing price crash, until 2008.
The crash was always a built-in undocumented feature of the bubble.
The reason it never crashed before is because it never bubbled before.
The reason it never bubbled before is because the banks never wrote junk mortgages before.
The reason the banks never wrote junk mortgages before was because they didn’t realize that they were “too big to fail.”
Massive wealth inequality also drives the situation, because there’s a small slice of people who can afford anything and they tend to drive up the prices of things for other people who can’t really afford the run-up.
Splendid turn of phrase.