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The article makes no mention of quantitative easing. I think that has a bit of an effect of the stock market I general, not just tech IPOs. So, I don't think t
by jweir 13y ago
The article makes no mention of quantitative easing. I think that has a bit of an effect of the stock market I general, not just tech IPOs.
So, I don't think this market is anything like 1999, this is very different.
- raverbashing 13y agoYes, QE made it different. Made it worse
- kzrdude 13y agoQE without funding welfare is dangerous. Increased consumption would benefit everyone with more money flowing through the whole society. Yes it avoids inflation this way, but I think it solidifies the power and wealth gap. We keep the financial sector running, while we forget that the financial sector serves not itself, but really the rest of us: it exist to provide funds efficiently where it is most needed for our development.
- leoc 13y agoWeren't there similar, though less dramatic circumstances in 1999 too though? ISTR that Alan Greenspan lowered interest rates in order to help fight the LTCM fire.
- mikecb 13y agoThat was in 1997 though. As was the Asian crash and Russia default (which partly caused LTCM), so there are plenty of other reasons for the Fed action.