[adam_arthur]

This was the same logic used by bulls in the GFC.

Turns out “cash on the sidelines” disappears quite fast when assets broadly devalue.

Housing is correcting faster than GFC, though it remains to be seen if it ends up deeper. But when it falls at this pace, people start to get cold feet

[Enginerrrd]

What's GFC in this context?

[adam_arthur]

The Great Financial Crisis, e.g. 2008, housing bubble etc