Another link from Mish !
Just incredible how wrong an ''expert'' can be.
Be careful when you blindly follow expert advice!!!
While the crisis of 2008-2009 may have been the ''mother of all crises''; the very fact that the guys in the driving seat may have been 'making things up as we went along' is extremely disturbing.
After failing to forsee a crisis; to compound the fallout by resorting to short term fixes, instead of long term solutions is just tragic!