Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Real Man who wrote (101020)	8/19/2009 6:16:01 PM
From: pogohere	Read Replies (1) of 116555

"All this time there were significant credit problems that started in Spring 2006." and you wrote: "What I tracked showed sharply slowing rate of expansion of credit, but no contraction." (http://siliconinvestor.com/readreplies.aspx?subjectid=54696&nonstock=False&msgid=25875998) It's not clear to me that you believe there was a credit crash, or even much of a decline in credit from 2006 on. If there wasn't a decline in credit, what was the Fed responding to with all the rescue programs for the banks? TIA

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