Except that they have been using up all of their ammunition and there will be precious little left when the SHTF moment happens. They have masked the problem by *growing* the problem. The 2008 crisis was more difficult for them to manage than the 2000/2001 crisis, and the next one will be even worse because the numbers are growing larger and the problems are becoming more systemic with every new manufactured crisis.[/quote]
By worse, do you mean that the next crisis will undo all the gains since 2009?
As long as we move forward in GDP growth, it really doesn’t matter if we have a next crisis or many more.[/quote]
Yes, undo all of the “gains” since 2009, and possibly more, as the economy was not allowed to realign and purge itself of the bubble-induced misallocation of resources.
