Brrr…you ever heard of 2008 ???
@hendry_hugh The "Brr" people (crypto speculators and formerly curmudgeonly Gold Bugs who should know better but are now also crypto speculators) don't seem to recognize the sheer unbridled destructive power of a #deflationary downturn. Sure #DC will try to thwart it but that's not so easy.
@hendry_hugh You forget those born after 2008 think life started when they were Born and no history
@hendry_hugh Hugh 2008 was a financial storm our country had never seen. It took time to get everything sorted out and that’s why it was so bad. Now they can created massive bailouts over a weekend - like they did with SVB. If we go down it will not be a financial cause- too easy to fix now.
@hendry_hugh The bernank didn't discover the true power of brrr until after the 2008 situation. But will brrr to the power of brrr solve the next situation, or just create hyper stagflation? That's the question.
@hendry_hugh Covid playbook showed what the government and Fed took 12-18 months to do in 2008-2009 took maybe 4-6 weeks in March/April 2020. SVB firewall was put in place in one weekend. Next time a major domino threatens to wobble, the liquidity response will be instantaneous.
@hendry_hugh Didn’t it break when Obama was elected???
@hendry_hugh Yeah but in 2008 Bush was coming to the end of his 2nd term so it didn’t matter what broke. He couldn’t care less because he was leaving office regardless.
@hendry_hugh Is that a Movie like 2012?
@hendry_hugh The year free market capitalism died.