Mar 16, 2009

Change?

Dot-Com Bubble
Bush & Greenspan methods fighting against recession:
- Increased deficit spending
- Loosening of monetary policy, significantly lowering feds funds rates

Housing Bubble
Obama & Bernanke methods fighting against recession:
- Increased deficit spending
- Loosening of monetary policy, significantly lowering feds funds rates

Albert Einstein's famous definition of insanity is as follows: Doing the same thing over and over again and expecting different results.

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