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It’s much the same thing that created the 2008 mortgage crisis. Wealth needs a place to roost → mortgages look safe → more demand for mortgage investments than there are mortgages → people find ways to invent mortgages that shouldn’t exist, to attract investment.

It’s not just a hype bubble; it’s an “oversupply of investment dollars” bubble. Is there a word for that? I am not an economist.

@Npars01 replied with more on this here: https://mstdn.social/@Npars01/113604472161286632

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