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[–] CanIHazPhD ago
So still, malinvestments when it fits, no malinvestments when it doesn't.
So, going from 3 to 6 is a-ok, but going from 1 to 4 causes a recession?. And if there was a period with your so called malinvestments, that was the dot com period. Those went away after that bubble bursted, long before 2008 came along.
[–] ForTheUltimate ago
you know it goes both ways. no malinvestments when it fits, which is all the time since you can always find another explanation.
Which supports the theory that the 1% interest rates created new malinvestments.
[–] CanIHazPhD ago
So, just to be clear, the 1% interest rate from around 2002 to 2004 is enough to create your magical malinvestments, but the ~0.5% from ~2009 to 2016 is not?