Quick, pack up all your belongings and flee! (Using FF points of course)
You have lifted the veil on modern finance.
The disconnect between theory and reality.
AKA Right in theory broke in practice.
... back to the "pack your..." - you are a 'clear & present danger' to the stability of Australia and the world. People in black SUVs will see you shortly.
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Test your memory, think back to 1998 & 1999.
The "New economy" was where the future lay. Old fashioned companies like miners and industrial companies (such as banks for example) were the trash of tomorrow. One of the top brokers wrote a treatise on "What to do with the old age pensioners in your portfolio - past their prime, no use to anyone and embarrassing to admit you still own."
18 months later it was a different story.
Or in the late 80s and early 90s - the media was full of (and so were many global brokers) the "Japanese Century". Turns out it only lasted 6 years.
Certain political parties were clamouring for Japanese to be compulsory in Australian schools. Twenty years on and we have similar claims for learning Chinese and coding (old economy parlance = computer programming).
In 1989 Tokyo property was valued at more than the value of all property in mainland USA.
You said it; "Madness". Japan introduced 100 year home mortgages - buy your house today so your grandchildren can have a home nearly paid for.
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