2 ms·
Depends if you think bailing out the banks was the wrong choice overall. The last time the Great Depression happened we got a world war out of it. It's true th
by corimaith 3y ago
Depends if you think bailing out the banks was the wrong choice overall. The last time the Great Depression happened we got a world war out of it.
It's true that perverse incentives were created out of that, but I would ask if the financial industry is still making these mistakes like NINJA loans. Considering how we just got out of inflation without a recession, the US economy seems pretty structurally sound today.
- ilikerashers 3y agoMight be true, might not. Checkout out this podcast if you get a chance: https://www.bloomberg.com/news/articles/2024-01-23/brevan-howard-s-jason-cummins-on-the-current-macro-outlook?srnd=oddlots https://www.bloomberg.com/news/articles/2024-01-23/brevan-ho... Not sure we can draw a line under anything yet and there is still lots of potential for economic instability out there.