Below, just a reminder of one piece of the Great Recession before looking at the Fed transcripts. Lehman Brothers is the orange line. With a typical 5-year lag, the transcripts of the 2008 Federal Open Market Committee (FOMC) meetings…
I can remember a combination of euphoria and uneasiness as we we had some early signs of the credit crisis during 2007, the stock market peaked in October, and then in December the recession began. With a typical 5-year lag, the transcripts…
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