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by danhak 1967 days ago
This is nothing like the size of the bubble (US housing market) that precipitated those crashes.
2 comments
swader999 1967 days ago
It is actually. The housing market had real collateral even if it was overly appraised.
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danhak 1967 days ago
No, it's not. Not even close.

The current market cap of GME is $25 billion. Meanwhile, the size of the subprime mortgage market in 2008 was in the neighborhood of $50 trillion.

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swader999 1967 days ago
Shorting losses can be infinite. Then add in the derivatives at play. Who backs these trades? Who backs them? What gets triggered when any of these default on their contracts?
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carlmr 1967 days ago
The bubble may become more visible if a chain reaction is started.
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