Quote:
Originally Posted by Relentless
That's saying the bubble was terrific short term. We can print money, make new bubbles and spike things in the short term..
|
But they weren't "printing money" (that didn't happen until the end of 2008 with Bush's bailout, and now Obama's bailout)
And of COURSE "bubbles" are a roaring economy.
That's the way it's always been throughout history.
Clinton's years were at tech "bubble" that ROARED.
Bush's years were a housing market bubble that ROARED.
Go back in history to the "Roaring 20's" and there was a bubble.
The economy JUMPS when a new sector is created or an existing one has a "bubble".
I'm unaware that it ever roars when nothing special is happening.
Were some of you guys in business during the last 20 years or were you working for somebody else?
As a guy who was in THIS business (porn) and owned my own company...I am well aware that EVERYONE was doing much better during the tech and housing market "bubbles" simply because it fired up the whole economy.
Just like the years of the "Gold Rush" and "Oil Booms" (they were what we now call "bubbles")
And even the economic industrial "bubble" created by WW2.
In between "bubbles" the economy first has to come back from the inevitable crash. Then it flat lines for a long time until the next big thing ("bubble") happens.
I've seen 2 of them now with the 1990's and 2000's. I'd love to see another one SOON.