I think what the Markets are telling us is that since the final restraints on the Financial Sector, implemented during the Great Depression, were removed at the end of the Clinton years, with the Republican's Gramm Leach Bliley Act and Commodities Modernization Act of 2000, the United States has re-entered a Boom/Bust Cycle. So my question isn't how high will the Unrestrained Markets will go, but how bad will the next Crash be, how deep with the economic trough be the next crash causes, and does the United States have any tools left in its arsenal to meaningfully intervene when the next financial crisis arises?
I view our economy at this point as a toddler who slipped the grasp of their parent, sneaked under a guard rail, and is now happily giggling with toddler pride as it dances gleefully on the edge of a Grand Canyon cliff.
Read the Article at HuffingtonPost
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