The Utterly Amusing Nonsense Today

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.

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