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Might be something interesting here, assuming you can get past th paywall (which I currently can’t): https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24
Today’s magic economy-ending words are “data centre asset-backed securities” :
Wall Street is once again creating and selling securities backed by everything—the more creative the better…Data-center bonds are backed by lease payments from companies that rent out computing capacity
Thanks. Not as many interesting details as I’d hoped. The comments are great though… today I learned that the 2008 crash was entirely the fault of the government who engineered it to steal everyone’s money, and the poor banks were unfairly maligned because some of them had Jewish names, but the same crash definitely couldn’t happen today because the stifling regulatory framework stops it? And bubbles don’t exist anymore? I guess I just don’t have the brains (or wsj subscription) for high finance.