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A comment on This Bubble's Got Legs. Parent comment

Re:This Bubble's Got Legs by cloakandswagger on Friday September 09, 2016 @04:30PM (#12465820)
Nice attempt at applying your Econ 101 knowledge, but a balance sheet where the "assets" are made up of meaningless fiat created by debt instruments does not work like that.
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Re:This Bubble's Got Legs by forgetsusername on Saturday September 10, 2016 @08:22AM (#12468856)
>are made up of meaningless fiat created by debt instruments does not work like that

Then the debt is equally meaningless. Maybe you should try applying financial principles, rather than reading Zero Hedge.

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