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2018/2019 Bear Market
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<blockquote data-quote="IveBeenFramed" data-source="post: 1231219" data-attributes="member: 12313"><p>The short answer I can put in layman's terms. Simply put, a combination of QE and low to zero interest rates never allowed all the accumulated bad debt to be cleared out of the system, as, say in the 1920/21 "depression" (if you could call it that). In addition, low interest rates encouraged mal-investment of capital and resources given cheap money (stock buybacks, riskier investments to seek out a greater than 0 return etc). It just kicked the can down the road to where we are today and an end in QE and a rise in interest rates will inevitably do harm.</p></blockquote><p></p>
[QUOTE="IveBeenFramed, post: 1231219, member: 12313"] The short answer I can put in layman's terms. Simply put, a combination of QE and low to zero interest rates never allowed all the accumulated bad debt to be cleared out of the system, as, say in the 1920/21 "depression" (if you could call it that). In addition, low interest rates encouraged mal-investment of capital and resources given cheap money (stock buybacks, riskier investments to seek out a greater than 0 return etc). It just kicked the can down the road to where we are today and an end in QE and a rise in interest rates will inevitably do harm. [/QUOTE]
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