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(CNN)   Federal Reserve underestimated the economic crisis in 2008. Also in 2009, 2010, 2011, 2012, 2013 and 2014   (money.cnn.com) divider line 17
    More: Fail, Federal Reserve, commercial paper, single market, Great Recession, financial markets  
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1048 clicks; posted to Business » on 24 Feb 2014 at 8:39 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-02-24 08:46:32 AM  
A lot of businesses did as well.  That was a year when I felt the entire country was one huge snake pit and me the only sane person left.
 
2014-02-24 08:46:46 AM  
But trust us, our model is perfect now.  We just need to shuffle more money to Goldman Sachs and everything will be better.
 
2014-02-24 09:03:49 AM  
Interesting editorial. The guy argues his OPINIONS fairly effectively.
I wonder how many people thought this was going to be an "article", with "facts"? I kind of did, until I read it.
 
2014-02-24 09:27:32 AM  

jso2897: Interesting editorial. The guy argues his OPINIONS fairly effectively.


Yo, it's not news; it's CNN.

The way I see it, some greenlights exist only to get a thread started.  It's not like the content here is worth anyone's time, given the source.
 
2014-02-24 09:32:58 AM  

dragonchild: jso2897: Interesting editorial. The guy argues his OPINIONS fairly effectively.

Yo, it's not news; it's CNN.

The way I see it, some greenlights exist only to get a thread started.  It's not like the content here is worth anyone's time, given the source.


It's not just you seeing it that way.
 
2014-02-24 10:09:26 AM  
You mean a small group of people who own the central banks and controll the regulation of these banks dont have our best interests in mind when making economic decescions?
 
2014-02-24 10:34:15 AM  
This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January
 
2014-02-24 10:50:39 AM  

neversubmit: This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January


It's almost as if freshwater economics doesn't reflect the real world!
 
2014-02-24 10:51:25 AM  

yakmans_dad: neversubmit: This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January

It's almost as if freshwater economics doesn't reflect the real world!


I just need to adjust my multiplier some..... there.
 
2014-02-24 11:20:59 AM  

yakmans_dad: neversubmit: This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January

It's almost as if freshwater economics doesn't reflect the real world!


I'm a little confused.  Bernanke, who was Fed Chairman at the time, is a freshwater economist?
 
2014-02-24 11:24:01 AM  

llortcM_yllort: yakmans_dad: neversubmit: This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January

It's almost as if freshwater economics doesn't reflect the real world!

I'm a little confused.  Bernanke, who was Fed Chairman at the time, is a freshwater economist?


The Fed Chair is like the Papacy around 400 AD. First among equals. The big majority of the Federal Reserve are not saltwater economists. Also, Bernanke took all of his academic work re: The Great Depression and had it surgically removed.
 
2014-02-24 12:07:33 PM  
Sounds like they are starting to see signs of the depression touching THEIR economy.
 
2014-02-24 01:06:00 PM  

neversubmit: This is all so unexpected...


The unexpected decline in industrial production

The unexpected decline in retail sales which in turn followed

The unexpectedly weak jobs report in February

Which followed a Huge Miss in ISM; Largest Decline in New Orders in 4 Years

Which followed a Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected in January


And yet the markets are hitting new highs again today!
 
2014-02-24 07:30:49 PM  

yakmans_dad: The Fed Chair is like the Papacy around 400 AD. First among equals.


If that's true, I wonder what the Great Schism will wind up looking like? ( *shudder*)
 
2014-02-24 11:26:57 PM  
The government went though most of it denying it was happening.
They didn't admit to it till after it was so called 'over'.
 
2014-02-25 02:33:07 AM  
I certainly moaned about the do. I have to be fair and say it has been a nice long run. But I don't know if it will end tomorrow or two years from now. Neither do you or anyone else. On the crazy assumption that someone actually knows what will happen in the near turn they'd be an utter fool to tell the newspaper.
 
2014-02-25 02:28:00 PM  

Forbidden Doughnut: yakmans_dad: The Fed Chair is like the Papacy around 400 AD. First among equals.

If that's true, I wonder what the Great Schism will wind up looking like? ( *shudder*)

A cynical president will bypass legal traditions and rewrite the Constitution. Then, half the country will pretend he didn't and that they approve of what he did anyway.

 
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