The crisis isn't caused because the collapse of the dollar makes assets worthless. The crisis comes when people realize that the valuation placed on those assets was incorrect. The adjustment in valuation is what causes the crisis. All of the financials built on the old valuations collapse.
The crisis isn't caused because the collapse of the dollar makes assets worthless. The crisis comes when people realize that the valuation placed on those assets was incorrect. The adjustment in valuation is what causes the crisis. All of the financials built on the old valuations collapse.
I agree.
I agree.
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