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batista | 13 years ago

>Meanwhile, an enterprise with hundreds of trained economists (read: The Fed) used this magical unicorn training and prevented the Great Recesession from becoming the Great Depression II.

Really? So where were these "hundreds of trained economists" when the Great Recession came about? Out there, causing it.

As for "being saved from becoming Great Depression II", well, let's wait and see.

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tatsuke95|13 years ago

>"Really? So where were these "hundreds of trained economists" when the Great Recession came about? Out there, causing it."

Causing it? That's preposterous, being as how the borrowers (ie, Joe Public) are 50% to blame for over extending themselves. Again, tell me what tools the FRB has at its disposal that could have prevented the housing meltdown.

>"As for "being saved from becoming Great Depression II", well, let's wait and see."

Indeed we shall. Care to put your money where your mouth is? I have, and continue to do so, participating in one of the biggest bull-market run-ups in history the past two years. Meanwhile, most people continue to spout doom and gloom. And I'm just some guy watching this happen from the sidelines, trying to piece it all together.