George Dyson on the mortgage meltdown: are we on the surface of a balloon or in the saddle of a dynamic equilibrium?

Discuss

3 Responses to “George Dyson on the mortgage meltdown: are we on the surface of a balloon or in the saddle of a dynamic equilibrium?”

  1. Jeff says:

    Actually, I think we’re in the event horizon of a black hole, sort of the opposite of the surface of a balloon.

  2. Antonio Lopez says:

    The problem with this and most economic models is that they rarely factor in “externalized” costs, basically all the free stuff we take from the environment and people’s outsourced cheap labor. We are going to start paying for these things sooner than later, so now the bill is coming due to the so-called free world, and we’re all going to suffer from severe sticker shock. The materials we take for granted are materializing.

  3. Ghede says:

    Damn. I was hoping for a reference to the housing ‘bubble’ so I could make a bad (horrendous) Dyson sphere joke.

    I don’t know about you, but all of my income not spent on necessities is spent on investments. … What? Are you telling me my limited edition Fable 2 is not an investment?

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