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> and the US not in a position to bail the European economy out again a la 2008, there are a lot of buying opportunities. This is new to me, do you have a sour
by jld89 6y ago
> and the US not in a position to bail the European economy out again a la 2008, there are a lot of buying opportunities.
This is new to me, do you have a source? To me the US was in big trouble at the time, no resources to bail out anyone really...
- throwaway4good 6y agoI thought the story was that China bailed the world out in 2008 ...
- 0xfaded 6y agoThis is essentially the austerity that was pushed onto Southern Europe because the ECB didn't have any mandate to engage in monetary policy until 2012, when the ECB started to rely on more creative readings. By this time it was QE from the US Fed that was driving the recovery, but the ECB did eventually engage in similar practices, if only to bail out assets owned by the northern banks.