[quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
[/quote]
Sure, but… the “when” and the “depth” are the only important considerations.
For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.
Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”