by Karl Denninger
I’m loving this morning’s parade of idiots on the bubble-box.
Folks, this comes down to mathematics and denial of same, which is now blowing up to a small degree in people’s faces.
It’s simply this, to boil it down to one sentence:
Any compound growth rate in anything that does not have a terminal date (that is, a date at which said growth ceases) is by mathematical definition and trivial mathematical proof a fraud.
Fraud is a crime, not a mistake.