Article

2018-01-30 Economy

America's Lost Decade: Fed's Antigrowth Policies Hurt Recovery, but a New Boom May Be Upon Us

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Posted by Besoeker 2018-01-30 09:35|| || Front Page|| [3 views ] Top

#1 Then again, they just may be pumping up one more bubble, hoping to sell off under the 'greater fool theory'.

Posted by ed in texas 2018-01-30 14:32|| 2018-01-30 14:32|| Front Page Top

#2 During the financial crisis of 2008, the Treasury and Fed acted to prevent financial collapse through quantitative easing and acting as the lender of last resort, which kept the bottom from falling out. It really could have been worldwide economic collapse otherwise. Dogs and cats, living together. Or maybe not. But the risk was deemed too great and I, for one, agree. This engineered 'soft landing' meant there was less of the 'unwinding' that typically occurs during recessions. This then led to a recovery more tepid than usual. Many trend economists believe the next expansion will be huge. But we have a recession to go through first (and which is likely around the corner).

The bullshit part is that after all that carnage, our government never really did what needed to be done to keep bankers from pulling the same shit again. So, it'll probably happen again one day. Guess that's what you get when the secretary of the treasury is a Goldman-Sachs alumnus.

Posted by Thusogum Untervehr8571 2018-01-30 19:57|| 2018-01-30 19:57|| Front Page Top

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