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kleinbl00  ·  3157 days ago  ·  link  ·    ·  parent  ·  post: What do Flo from Progressive and Janet Yellen from the Fed have in common?

It isn't really a "fix" thing. The system doesn't care. The problem is that when markets turn bear things get tougher and when the people attempting to manage the economy are doing their damnedest to calm the cyclical nature of finance, the eventual downturn is likely to be either deeper or longer or deeper and longer.

"Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist."

- Ken Boulding

Here's another good one:

"In a bear market, money returns to its rightful owners."

- Wall street proverb

The problem is that the markets are all of the opinion that a bear market can't be borne so all the regulators are doing their damnedest to forestall one. If they can, they'll kick the can out past where it'll bite them.

Lots and lots and lots of people got filthy rich ahead of the crash last time. The cautious, clever ones stayed that way. This time around, the "filthy rich" part is harder but the crash is just as inevitable.

Shit like this.