GhostOnTheHalfShell, @economics@a.gup.pe
“ One look at this chart should be sufficient to understand why the Great Crash of 1929 was both great, and a major cause of the Great Depression which followed it, and why levered speculation, rather than rational calculation, dominates the behaviour of asset markets.”
https://profstevekeen.substack.com/p/your-margin-and-your-life
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