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A comment on Annual note to self: most of the world exists outside the tech bubble. Parent comment

Re:Annual note to self: most of the world exists outside the... by maxxxxx on Saturday August 12, 2017 @02:33PM (#14999209)
I didn't learn finance in Germany in school but we all knew that taking on massive debt is stupid. It's the advertising and easy access to consumer credit. Wage increases have been replaced by easier access to credit.
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Re:Annual note to self: most of the world exists outside the... by the_mitsuhiko on Saturday August 12, 2017 @03:38PM (#14999568)
Germany is the other extreme though. Not sure if that is healthier.
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Re:Annual note to self: most of the world exists outside the... by kuschku on Saturday August 12, 2017 @04:41PM (#14999853)
The German model definitely has lower risks. If something goes wrong, there will still be something left with which you can rebuild.

The American high-risk model on the other hand is definitely one that isn't long-term sustainable, but it wins out in short term, until another crash happens.

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Re:Annual note to self: most of the world exists outside the... by maxxxxx on Saturday August 12, 2017 @04:47PM (#14999877)
I think especially in the last 30 years the risk has been shifted to lower incomes. To me that's the real evil.
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