Moral: Wherein we do a quick recap.
This blog started in order in 2009 which was about when the last recession was over. The topic tells it all; we watched the Fed's reaction to the downturn. And, were posting in the 7'oops7 and Truth Engineering blogs. But, that was extraneous to those two topics. We needed something financial.
Two motivations? One deals with MIT and their clever development of the concept of financial engineering. I ask them, engineers mostly. What science is behind this bit of shenanigans? Okay, 2009, that was the timeframe. Now, messes. Even the supposed financial bots are supposed to be smarter than MIT folks (well, perhaps we ought to start there; they never had claim to all of intelligence). Now, another motivation (there are several more, btw)? As the financial stuff unraveled, the Fed seemed to react in an old mode and then just capitulated to those who push the ca-pital-sino. Oh yes. As I said, in 2009, it'll be worse the next time. We have not seen this yet, but people who consider these matters worry.
In the meantime, follow discussion at Quora. It has been at Quora where most of our attention has been given and most of our energies spent since 2015
Remarks: Modified: 03/23/2023
12/30/2022 --
