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OK, so can you back this up? The economy has actually recovered. So where did they fuck up?

• littletimmy 11y ago
  At the cost of a massive increase in inequality and massive asset bubbles. This is recovery, no doubt, but a recovery that makes things worse in the long-term.
  • HiLo 11y ago
    The increase in inequality was ongoing before that, so you haven't linked QE and inequality. Neither has Bernanke, who says the ties are very opaque. Furthermore, this isn't a massive asset bubble, nor does it fit the description of them. What sectors are in a bubble? If they popped, would they bring the economy down with them? Your most credible case on this would be the energy industry - "low rates allowed shady shale companies to borrow billions at ultralow rates," right? OK, so now that the price of oil has been cut ~65% (65% of your revenues, gone!), we: 1. Still have positive inflation, even when accounting for energy 2. Still have a functioning energy sector 3. Haven't experienced any kind of major economic dislocations. I guess what I'm asking is, how is this recovery making things worse in the long run, than a total economic collapse in a nuclear age would have been?
    • deleted 11y ago
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• Spooky23 11y ago
  You still have "too big to fail" banks like BoA who are barely passing stress tests. Because of that, we're in this weird near zero interest rate world that in the long term is undermining pension funds and creating other structural problems.