what if we had just let laputa sink to the bottom of the atlantic ?
paula
"heavens what a bigger mess we'd be in today"
dean
" we'd be right about where we are "
-------------------------------------------
the implied dean line:
separate the lot bubble pop
from its hi fi laputa knock on effects and...?
somehow imagine we don't get the knock on hi fi laputa market effects
remove the spike
we'd still have the lot plop though maybe its a slow slow many many quarter plop
------------------------------------------------------------------------
notes to myself:
---an expectational quantum shift convulsion ??---
---the repro market convulsion happens of course i guess ---
at any rate look at it in reverse:
without the underlying fast contraction of lot values
the fall 08 crisis might have proceeeded like the dot com pop after math
or the after math of the earlier savings and loan blow out
ie
without the huge bash to medium term householder spending
that the house lot hyper quick by lot dynamic standards
' pop and plop' collateral crash registered
in the after math of the lot melt down
underwater householders spending fueled by go go usury policy
could not resume
and since a first world north hemi wage boom was out of the question....
