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[–] CanIHazPhD ago
Glad to see you realized your mistake.
[–] ForTheUltimate ago
I'm afraid not. My conclusion was strengthened after going the data and your arguments.
The malinvestments are liquidated every recession. Interest rates were never increased past the preceding recession's peak interest rate without causing a recession.
[–] CanIHazPhD ago
And these magical malinvestments respond to some hikes on the interest rates (2004-2007) but not anothers (88 and 94), and they respond to short term changes but not long term ones, but that just in the 2000's but not for the 1930's, they happen during deflation (1836-43) and inflation (20th century) and basically whenever they support your theory, but not when they contradict it...
Yeah, right.