11 Nov 2014 4:07 pm
Fed policy was a big part, but bracket creep caused a large automatic tax hike every year as Americans were pushed into higher and higher brackets.GeorgeWashington » 07 Nov 2014 10:35 am » wrote: The root cause was the Fed. You know, the same bankers that have been propping up the stock market via qe∞ and saying inflation is not a concern. In the 70's the stock market lost 40% in 18 months. We should expect a similar correction.
That helped cause the economic stagnation.
And yes, I'm inclined to think we're in for some bad times when this bubble pops.