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by buddylw
3008 days ago
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Most agree that TARP was necessary, but QE2, QE3, and very low interest rates appear to have done little more than inflate asset markets and increase debt. They are trying to unwind that now, but falling back to the mean with this much excess is not likely to go well. We left the cast on way, way too long. What's done is done. It'll prove out either way in the next few years. |
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