Dating the timeline of financial bubbles during the subprime crisis
The people running this so-called Deep State of overblown and overgrown institutions probably acted at first with the good intentions of keeping the national lifestyle afloat.But in the end (now approaching) they stooped to too much duplicity and deceit in the desperate attempt to not just preserve the system, but to protect their own reputations and personal perquisites. But had Hillary Clinton won the election, at least the right gang would have had to take the blame — the people in charge for the past twenty years.
And, of course, the computer tech fiesta was blossoming, but for all that glitzy stuff to attract dwindling real capital, other old stuff had to go, and did go, and when all was said and done the computers did not generate much wealth or social value.
Every year, fewer Americans can afford to buy any kind of car — the way they’re used to buying them, on installment loans. Bear in mind the original suburbanization of America back in the 20.
The industry has gone the limit to help them — seven-year loans for used cars! So, a rebuild of all this stuff would represent more and possibly even greater malinvestment.
I hate to pound sleet on this manic parade, but, to put it gently, mob psychology is outrunning both experience and reality.
Let’s offer a few hypotheses regarding this supposed coming Trumptopian nirvana.