the real recession began in 2008 and it never ended.
it was just covered up via QE and fiscal spending to goose GDP
Yes, at the time I opened a bottle of good Aussie red, and toasted the end of this super cycle.
I must say though, I'm really impressed at how good the bankers are at delaying the inevitable. I figured they could kick the can down the road for 3 or 4 years, but not 15.
I must say though, I'm really impressed at how good the bankers are at delaying the inevitable. I figured they could kick the can down the road for 3 or 4 years, but not 15.