Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one.
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations.
Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy.
