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united_states [2022/08/27 05:51]
mathew 		united_states [2022/08/27 06:03] (current)
mathew
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   * Feb, 2004 - [[James Howard Kunstler]] talk: The ghastly tragedy of the suburbs.((February, 2004 | [[James Howard Kunstler]] | [[TED Talks]] | [[https://www.ted.com/talks/james_howard_kunstler_the_ghastly_tragedy_of_the_suburbs|The ghastly tragedy of the suburbs]]))   * Feb, 2004 - [[James Howard Kunstler]] talk: The ghastly tragedy of the suburbs.((February, 2004 | [[James Howard Kunstler]] | [[TED Talks]] | [[https://www.ted.com/talks/james_howard_kunstler_the_ghastly_tragedy_of_the_suburbs|The ghastly tragedy of the suburbs]]))
  
 +==== Modern Economic Timeline ====
 +
 +=== 1995 ===
 +In 1995, the U.S. [[Federal Reserve Bank]] promised to back (insure) subprime mortgage bonds.
 +
 +=== 1997 ===
 +In 1997, velocity of the [[dollar]] peaked((June 16, 2022 | David Haggith | DollarCollapse.com | [[https://www.dollarcollapse.com/james-rickards-these-people-never-learn/|James Rickards: These people never learn]])), and likely will never reach the same levels. The growth of the mortgage bond and more generally debt markets all but ensured that outcome.
 +
 +=== 2009 ===
 +The phrase "green shoots" was used to describe the rebuilding of pieces of the U.S. economy in the wake of the mortgage bond collapse, but that looks optimistic in retrospect.
 +
 +=== 2010 ===
 +Tim Geithner promised a "recovery summer" in 2010, but that never really took shape.
  
  
 ===== Elections and Politics ===== ===== Elections and Politics =====
   * [[United_States:U.S. Presidential Elections]]   * [[United_States:U.S. Presidential Elections]]
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