One year has now passed since the subprime mortgage blow-up and the credit crisis began. I can't help but wonder if the government hadn't intervened, and intervened again, and again, and again, would things have been different? No one knows, including me. However, since the average recession lasts about 9-10 months, might we have had a recession that would now be over without all the delaying interventions of the government? Might we have avoided the collapse of the US Dollar, and the commodity inflation that has caused so much economic turmoil? Only history will know. But we'll always wonder, won't we?
In any case, Happy Birthday to you!
