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Seriously. The last recession was deferred by a massive injection of capital that cut lending costs to almost nothing. The current economy is buoyed by elevated
by bshipp 7y ago
Seriously. The last recession was deferred by a massive injection of capital that cut lending costs to almost nothing. The current economy is buoyed by elevated asset prices.
If anything, the economy is far more fragile now than it was even 15 years ago, before the 'great recession'.
What hubris.