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Of course the next bubble will require more than $3 trillion... And saying that things are going rather well is absurd.
by coliveira 10y ago
Of course the next bubble will require more than $3 trillion... And saying that things are going rather well is absurd.
- AnimalMuppet 10y agoI didn't say that things are going rather well. I said that the Fed's intervention worked rather well. That's not the same thing. In particular, compare 2008-2017 to 1929-1938. That gives some (imperfect) measure of how well the Fed intervention worked.