Friday, March 30, 2018

Periodic defaults

MISES WIREThe Looming Mortgage Liquidity Crisis
Every 10 years or so there is a banking crisis. We are due. 
The ten year period is correct, though it tends to land on the eight year presidential cycle.  It is in the chart, an 85% chance.

Kanosians claim this is not true, crisis happens in smaller amounts, at irregular intervals because government is counter cyclical.  

But one notices the kanosians never show the chart.  It was never true, the MIT stupids made the fake theory to pretend the 'Thus time is different' thing. Sandbox fixes the fraud and provides for random defaults every so often.

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