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That is no joke. It’s the exact cause of how the 2008 GFC manifested in Ireland.
And the telecomms part of the dotcom bubble. With worrying signs of the trends in the current AI bubble (NVIDIA loaning billions to OpenAI so they can buy billions of NVIDIA chips, on which they will proceed to lose billions in negative revenue...)That is no joke. It’s the exact cause of how the 2008 GFC manifested in Ireland.
“I’ll buy your house for $2m, you buy my house for $2m, we now can borrow against our houses which are worth twice what they were last year”
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What do you call some-one without a shin. Tony
He would have been safe in Victoria.
Reminds me of the line from Open All Hours where someone's criticising Ronnie Barker for selling Jamaican Ginger Cake that's been nowhere near Jamaica and he says "Well, we sell Mars bars don't we?".The Martian thinks for a moment and says, "Maybe he doesn't like your chocolate."
The third Manenti c/
Reminds me of the Zarsoff Brithers band of the mid-80’s.