This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008

[Zippyjuan]

I'm not really disagreeing with you but I wanted to make a point about this. When the economy is a bubble, it's irrelevant what causes it to pop. The root cause of the problem was inflating the bubble to begin with. As Peter Schiff would say, "It's a bubble in search of a pin". If this is the actual popping of the bubble I predict most people are going to blame it on whatever pin they think supports their agenda. Could be "Trump's Tariffs". Could be the "Dems taking the House". But they're both wrong.

The real problem started back in 2009. That was when we dropped rates to 0%, nationalized the banks, launched QE, and started borrowing 2 trillion a year. It's impossible to avoid a crash once that happens. If there was a way to escape a crash from all that stimulus every country in the world would be rich. All they'd have to do is print and borrow their way to prosperity.

Which banks were nationalized?

 

[Madison320]

Which banks were nationalized?

When the government bails out an entire industry it's more or less been nationalized.

 

[angelatc]

Which banks were nationalized?

All of them were de facto nationalized.

 

[oyarde]

Which banks were nationalized?

Once they start taking taxppayer funded bailout / shore up monies from the govt it is hard to ever think of them as private entities again . Like Government Motors .