China can deflate the world’s largest credit bubble in an orderly fashion

Re:China can deflate the world’s largest credit bubble in an... by AnimalMuppet on Friday May 05, 2017 @12:10PM (#14274498)

Well, the last bubble that broke here, the Fed saw that the bubble collapse had destroyed about $3 trillion, and injected $3 trillion into the economy to stabilize things. That actually worked rather well. It was very painful, but not catastrophic.

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Re:China can deflate the world’s largest credit bubble in an... by coliveira on Saturday May 06, 2017 @02:26AM (#14279022)

Of course the next bubble will require more than $3 trillion... And saying that things are going rather well is absurd.

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Re:China can deflate the world’s largest credit bubble in an... by AnimalMuppet on Monday May 08, 2017 @12:08PM (#14292857)

I didn't say that things are going rather well. I said that the Fed's intervention worked rather well. That's not the same thing.

In particular, compare 2008-2017 to 1929-1938. That gives some (imperfect) measure of how well the Fed intervention worked.

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