Don't you remember? So how much did GDP shrink?
Don't you remember? That's government data you're going by?
You made some claim about tiny ticks in huge FX trades. Do you have any proof that anyone traded improperly with some sort of inside info?
Tiny ticks do make a huge profit for anyone on the right side of those trades; tens of billions in profits! Boy if someone had inside dope, they probably wouldn't be on the wrong side of a trade in like a whole year, maybe? Gee, wasn't something about that in the news recently? I don't know, do you?
I have no idea. All I know is you posted a picture, I guess it was proof of something, and it ends up that estate, in the UK, was donated to something called the National Trust.
Didn't you like the house? It was a nice house...
Your point was that the words "Federal Reserve Bank" weren't in the Constitution. Good point.
Thanks again for helping me to make it...
Ummmmm....every time the Fed buys Treasury securities, they do it with printed money.
You need a better source.
I need Ben's source of paper, so I can be buying up all sorts of real properties and stuff with it too...
If he wasn't ignorant of banking and finance, he'd stop whining about banks not lending, while passing regulations that restrict the banks ability to lend.
Maybe like some people, he's just looking out for his best buds forever?
Depth of Recessions
The severity of a recession is determined in part by its length; perhaps even more important is the magnitude of the decline in economic activity. The 2007-09 recession was the deepest recession in the postwar period; at their lowest points employment fell by 6.3 percent and output fell by 5.1 percent.
http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/
Tiny ticks do make a huge profit for anyone on the right side of those trades; tens of billions in profits!
And the giant firms on the other sides of those trades would lose tens of billions.
Thanks again for helping me to make it...
No problem. Neither were the terms Air Force, Social Security or Medicare.
I need Ben's source of paper, so I can be buying up all sorts of real properties and stuff with it too...
You could buy a less silly source...
Maybe like some people, he's just looking out for his best buds forever?
Yes, by passing more regulations and extorting fines.