re: #395 Obdicut

Um, so you really are saying government spending can be spending into a black hole because government can ‘spend’ (actually, borrow) so much money they might default and then everything goes south?

Is that your actual point?

If government spends insane amounts of money that require insane amounts of debt to finance the deficit, and when taking on these insane amounts of debt are made possible, then yes, it’s just a matter of time until the black hole opens up, the accounting tricks get exposed and property overall takes giant hits.