First we had the dot com mania bubble which threw our markets way out of whack making a true correction unbearable for politicians, Federal Reserve Bank, Primary Dealers and corporations to consider.
So in stepped Alan Greenspan with a great idea.. Artificially low interest rates for as long as it takes to manipulate [inflate] the market higher once again. NO regulation or oversight by the Federal Reserve Bank needed.. No regulation or oversight needed by anyone.. So began the Bush / Greenspan bubble. Up up and away!
It seems, we were told, that it was a "jobless" recovery.. Too bad that..
Enron, Worldcom and God knows what else..
Oops.. Housing crisis.. Which exposed the economy of the United States of America for exactly what it is.. an economy based solely on debt, a house of cards, a grand ponzi scheme reliant on monetary and fiscal policy manipulations to survive.
Bush back at work in the end of his second term with unlimited bailouts for all, EXCEPT working Americans, before turning things over to Mr CHANGE [Yes we can!] obama and [helicopter] Ben Bernanke..
So now we have the obama / Bernanke bubble..
I'm waiting with baited breath for that TRIPLE top and the BEST BUST of all time!
WOOHOO! See you at the bottom!
Candles are quarterly..
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