The graphic should have Fannie and Freddie in their, as well as Citigroup since it was effectively bailed out via a $250bn govt backstop against loan losses.
Adding just those three would make the 2008-2009 downturn waaaay taller AND fatter.
And while we are at it, the 2008-2009 bubbles need to expand by about 55%, to reflect inflation. That will make that cluster of failures WAAAAAAY bigger.
But hey, can’t do that....can’t let things like truth and accuracy get in the way of clicks for Zero Hedge, and then the 2023 economic doomsters won’t get their jollies.
I find Joe’s crazy policies making things a lot worse.
But then, I guess we’re about to find out.
Yeah, it would be better if I was incorrect.
Depends upon how robust areas are, I suppose.
Re: 20 - Thanks for pointing out adjusting the bubble graph for inflation.
That’s pretty basic stuff unless whoever making graph is stupid or intellectually dishonest. And both are possible in this case.