So dallas27, suppose you are a responsible party - member of Fed, President, Congress critter, etc.
With rates at zero, what would you do if the economy was in collapse? If you come up with a good plan, please share.
$10,000 refundable tax credits for everyone, only requirement is that the money was spent, not saved.
For all the thinkers out there, if we had a great recession part two in the next couple years, could the US govt (and foreign) use the tools they did last time to get us through a second time?
What I doubt we would see is an aggressive bipartisan response on the Hill which might really send a message.
For all the thinkers out there, if we had a great recession part two in the next couple years, could the US govt (and foreign) use the tools they did last time to get us through a second time?
Why worry about that bridge now?
...Said the globally recognized brilliant owners of LTCM before they brought the country down to it's knees.
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IIRC , some of the principals at LTCM received the Nobel prize a couple of years before they went into the dumpster .
Maybe you could expand on this?...Said the globally recognized brilliant owners of LTCM before they brought the country down to it's knees.
Maybe you could expand on this?
I don't see the connection between LTCM and a general recession which was the OP concern. LTCM was a short term equity market crisis that did not get into the general economy.
The LTCM problems were in the fall of 1998. There was a sharp downturn in August 1998 but no recession.They were the epicenter of the recession, and arguably put the world system at risk.
The LTCM problems were in the fall of 1998. There was a sharp downturn in August 1998 but no recession.