this post was submitted on 03 Oct 2026
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[–] Mulligrubs@lemmy.world 33 points 5 days ago* (last edited 5 days ago) (3 children)

It's a safe bet.

The bubble will burst, that's our boom-bust cycle. I think we're at the point where it is always a few bad decisions away.

I'm actually impressed that it's still going

Coincidentally, The FED was made to stop boom-bust cycles before WWI. It's never, ever worked, and it will never start working.

[–] zebidiah@lemmy.ca 1 points 1 day ago

"the market cam remain irrational longer than you can remain solvent"

[–] Formfiller@lemmy.world 18 points 4 days ago* (last edited 4 days ago)

Yeah the fed did a great job preventing the Great Depression lmao. You know what really stops boom/bust ? Taxing the wealthy and holding them accountable for their crimes. Also all those pesky monopoly regulations, post Great Depression regulations like glass stegal and other regulations that have been systematically dismantled in the last 40 years.

[–] 87Six@lemmy.zip 5 points 5 days ago (1 children)

Can you tell us what the FED is? The Federal Reserve?

[–] Jeffool@lemmy.world 6 points 4 days ago

Yeah, that's another term for the Federal Reserve.