Great reply, especially because it’s so cool that you and your son got to have that conversation. Sounds like a chip off the ol’ block. 🙂
We’ll have to agree to disagree about the size and scope of this manipulation, though. I can’t think of a single instance where a particular market was targeted with this much money over this period of time.
BTW, (IMHO) the reason we are having less severe recessions is because of the “evil” socialist safety nets that have developed as a result of the severe downturns of the past. Some might argue that these (housing/bank) bailouts are a form of safety net, and they might be right. I just see a big difference between protecting the innocent by providing food, **basic** shelter, and medical assistance vs. rewarding thieves and gamblers who believe they are entitled to “own” a house for free.
