No. of Recommendations: 5
So maybe things ARE different. Perhaps the Fed is determined there will be no recession and will do whatever it takes to prevent one.

Peter,

Recessions, depressions and business cycle downturns are a thing of the past. All of those things are unhealthy conditions that endanger the patient (the economy). State-of-the-Art Monetary Medicine has advanced by leaps and bounds since such ailments were recognized in the US.

Ben Bernanke, M.D. has determined that the patient shall stay forever alive and breathing, no matter what. After all, so long as the patient remains on life support, there is no chance that it might have to breathe on its own or expose itself to the dangers of pathogens such as business cycles.

Things truly ARE different. The doctor handling our economy has made the patient so dependent upon life support that it might lapse into a vegetative state if monetary stimulus were discontinued.

;-)
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