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109: “It’s Coming THIS Year” Fundrise’s Ben Miller on The 2023 Financial Crash

On The Market

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The Imminent Crisis of 2021

Last time the solution to the crisis was extended and pretend, everybody who held on in 2008 ended up actually doing a lot better than if they dealt with the problem. And so everybody's assuming that's going to work again this time. It won't work this time for lots of reasons. I think it's coming September, October ish, it's coming this year. We said like, extend and pretend and extend work the last time. What makes this round different? It's just a different problem. So the problem is over leverage. There's two ways you can deal with over leverage: One is you grow your way out of it. Two is you pay the loan down. Three

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