# Greed bad, but information good
The way I see it, markets are about supply and demand, things which are affected by the real world and information we have about the real world. So it turns out lots of people have been trading debts that're never going to be repaid and weren't properly secured in the first place. The market reaction isn't necessarily a bad thing given that the debts are already there like spilled milk: it's a good thing that the world has better information and that prices are adjusting accordingly.
Now, I'm not saying that a downturn won't hurt, but ultimately, houses are still there, built of brick and stone and wood, and there are still lots and lots of people who want to live in them.
It's not the apocalypse.
File under: world : {2008.01.22 - 23:21}
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