We are better off than we were 6 years ago!

Covertibility said:
You people can't be real!

It's clear none of you have actually looked at what happens during and after a financial panic. It's also clear none you understand aggregate demand. Let's put it like this: Six years ago you people had a choice, a potentially devastating depression like none other because of how integrated the world is or the Obama slow dragging recovery.

And that housing thing, OMG, it was right every day of every week of every month all the way to the top where that selll post called the top.
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You're right about the devastating depression, but that's going to happen, regardless. All we've done for the past 30 years is paper over growing holes in the economy (as a result of offshoring), with debt.

Jim Rickards is right. FED and FDIC should have guaranteed all bank deposits in 2008 and let all banks/IB/insurers fail. Instead, bail-ins are the new rule going forward in G7. Banks run the system.
 
Good post, TT.

The numbers are a bit more alarming. Fed balance sheet @ 4.5 Trillion and >6 Trillion addition to the national debt since ~2009.
 
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