The takeaway I got from reading the article to the end does not match the impression given by the headline, though the headline isn't exactly wrong, per se. The

The takeaway I got from reading the article to the end does not match the impression given by the headline, though the headline isn't exactly wrong, per se. The conclusion given is that the mechanisms put in place to avoid another recession work just fine but that the political will to use them has been dried up by the political retrenchment of the right. That said, if you're at all curious, you should read the article, if not the book it's summarizing, because it's really really good. One thing that had escaped me was the fact that America's bailout of its own banks and QE were both drops in the bucket compared to the massive amount of liquidity the Fed injected into the global financial system, all of which was paid back just like the bailouts. On a personal level, this allays my fears of another recession. The Anglosphere will wake up one day as if it was dreaming, and the political upwelling that put Trump into office will fade back down into insignificance. Another recession at this stage will only accelerate that process, provide some juicy real estate opportunities to those positioned well enough to take advantage, and we'll be back to normal within a few years to a decade. I strongly suspect that Trump won't stand in the way of another global firefighting operation conducted by the Fed should it become necessary, he's way too cynical to not do something that works. We should avoid 'othering' the alt-right if we can. These are Americans like you and me, as scared and uncertain as all of us, momentarily in the spotlight and proud of it, but ultimately decent human beings just like the rest of us.