Did you know the crash so far this year has wiped out more wealth than dotcom and financial crisis combined? It's obviously still going down.
The mistake made is that they artificially created a recession through lockdowns. Then artificially pulled out of the recession with money printing. Then didn't respond to the climbing inflation with quantitative tightening because it was 'transitory'
At this point the economy was bungled so badly by the US government they are reaching for new tools.
Dotcom crisis sprung the afghanistan war economy. When the economy was dipping back into recession, iraq war out of nowhere. Financial crisis? Operation Ocean shield! Somali piracy was at an alltime low but that didnt matter.
What isnt crashing? Energy/oil, food, metals, and wood. What do you expect wouldn't be crashing if there was a military mobilization?
Did you know the crash so far this year has wiped out more wealth than dotcom and financial crisis combined? It's obviously still going down.
The mistake made is that they artificially created a recession through lockdowns. Then artificially pulled out of the recession with money printing. Then didn't respond to the climbing inflation with quantitative tightening because it was 'transitory'
At this point the economy was bungled so badly by the US government they are reaching for new tools.
Dotcom crisis sprung the afghanistan war economy. When the economy was dipping back into recession, iraq war out of nowhere. Financial crisis? Operation Ocean shield! Somali piracy was at an alltime low but that didnt matter.
What isnt crashing? Energy/oil, food, metals, and wood. What do you expect wouldn't be crashing if there was a military mobilization?