Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.
When that works it's way down to you and it will, and is now, everyone will share in the pain.
So deny me a deal of a life time and put me on the hook for more national debt?
Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.
Freedom includes the freedom to fail
When that works it's way down to you and it will, and is now, everyone will share in the pain.
Market clearing hurts sometimes. We've been trying to inflate our way out of this problem since 2002 with ridiculously low interest rates.
In short I'd rather take the pain now than defer it.