

Might be something interesting here, assuming you can get past th paywall (which I currently canāt): https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24
Todayās magic economy-ending words are ādata centre asset-backed securitiesā :
Wall Street is once again creating and selling securities backed by everythingāthe more creative the betterā¦Data-center bonds are backed by lease payments from companies that rent out computing capacity
Thanks. Not as many interesting details as Iād hoped. The comments are great thoughā¦ today I learned that the 2008 crash was entirely the fault of the government who engineered it to steal everyoneās money, and the poor banks were unfairly maligned because some of them had Jewish names, but the same crash definitely couldnāt happen today because the stifling regulatory framework stops it? And bubbles donāt exist anymore? I guess I just donāt have the brains (or wsj subscription) for high finance.