10/09/18

How Things Fall Apart: Extremes Aren't Stable



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How Things Fall Apart: Extremes Aren't Stable
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Authored by Charles Hugh Smith via OfTwoMinds blog,

A funny thing happens on the way to stabilizing things by doing more of what's failed: the system becomes even more unstable, brittle and fragile.

A peculiar faith in pushing extremes to new heights has taken hold in official circles over the past decade: when past extremes push the system to the breaking point and everything starts unraveling, the trendy solution in official circles is to double-down, pushing even greater extremes. If this fails, then the solution is to double-down again. And so on.

So when uncreditworthy borrowers default on ....

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