| | | Don't talk in circles, which is what you usually do, saying nothing in the process, but implying here that massive stimulus spending caused the financial crisis. I know it is hard for you, but try to be concrete for a change. What financial crisis are you talking about? 2008 or 2023?
If 2023, you are way off base. Massive stimulus spending was called for since the economy was shut down here for a while. When the economy reopened, inflation reared its ugly head because consumer demand was extraordinary given the period of hibernation. As for the financial crisis, this thread is not Jay Chen's dogmatic team China Clown Thread, so do try to defend your political point of view clearly and distinctly. No BS, using words to say absolutely nothing, which you are a master of.
Regional bank crisis was primarily due to management failing to manage risk effectively. Sure, if the Fed did not raise rates so dramatically, there would have been no need to hedge risk. But this was primarily a failure of corporate management and had nothing to do with fiscal policy whatsoever. |
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