[EVO X]

The collapse of leveraged assets is something that will happen - and it will affect productive sectors of the economy just as it will the “fake” sectors - that would never have been created if not for “risk free” growth thanks to the Fed.

I've lived in a midwest collage town for many years. I have seen and experienced the upturns and downturns of the economy. Until a few years ago the main drag was full of run down bars and food joints. Businesses came and went on a frequent basis. Somewhere around QE2 all that started to change. A good chunk of the strip has been bulldozed and multi-million dollar apartment complexes have been built. Are these projects viable? I don't think they are, but only time will tell..

[RFEngineer]

Many things become viable at a certain price, even if that price is zero.

But if the debt is not liquidated, that is the worst of all worlds - because everyone “pretends”.....owners, borrowers and tax collectors.