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Money and Finances
Reply to "2001, 2008, or 2022"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A recession seems likely. But people are forgetting how bad 2008 was. Without intervention, there was a serious risk of a global banking collapse in 2008-2009. We are no where near that level of risk.[/quote] Yep, all people can say is how bad it is we bailed out the banks. They have no idea of how truly bad things would have gotten not just in the US but worldwide if we hadn't.[/quote] I would argue many of those interventions have not only prolonged things, but made it worse. Turns out interest rates significantly below the historical norm for over a decade isn't a great idea and has led to wild speculation and excess risk taking in other assets.[/quote] It's all a house of cards... PANIC[/quote]
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