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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ggersh who wrote (109997)11/5/2013 5:02:56 PM
From: Elroy Jetson  Read Replies (1) of 110194
 
Bernanke had to replace bad endogenous leverage with replacement leverage direct from the Fed to prevent a repeat of 1929.

That's what an economic depression is - the sudden realization that much of your capital was vaporized in preceding period of malinvestment.

I think most preferred Bernanke's 1929 alternative.
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