Quote:
Originally Posted by imotion s14
No, this recession is the result of government intervention of the last 2 recessions they interfered with. There was a recession in the early 90s. The Feds lowered interest rates and created all this easy credit. Which flowed into the tech bubble of the 90s. The NASDAQ index was grossly over valued and it crashed and we had another recession earlier this decade. The Feds stepped in again, lowered interest rates again and created even more credit. When the tech bubble burst it flowed into the housing bubble.
The feds lowered the rate to 0 - .25% last month.
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DING!DING!DING!
Bingo!
You got it spot on.
Also, we're in a
recesion, not a depression.
That won't happen for another 6-12 months.
I don't think people realize that when economists are saying this is just the beginning, this really
is just the beginning.
Hmm...I'm thinking about writing a primer on the current economic situation, because I don't think a lot of people know the full implications of whats going on right now, or the mechanics behind what's going on.
Anyone down to get down into some serious knowledge exchange? Like essay type stuff?