It's fascinating to trace the genesis of present crash to Fed's policies post 2008 crisis. The interest rates were kept artificially low to prevent another Grea

It's fascinating to trace the genesis of present crash to Fed's policies post 2008 crisis. The interest rates were kept artificially low to prevent another Great Depression. I think 2008 and 2001 basically saw "cut some fat and reflate the bubble" as the standard approach. I expect the same approach this time though I can't predict if it will work. This is basically the method of Greenspan and Bernanke, explicitly said that the Great Depression didn't have to happen, that juggling interest rates could have solved it. The thing about these situation is that by just killing weaker players, the Fed allows the basic imbalances to remain and increase (income inequality, monopoly positions, speculative enterprises, etc). The Great Depression was the single biggest equalizer of income, I think in US history and certainly in the 20th and 21st centuries. Not that I'd be in favor of such a thing.