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<blockquote data-quote="newfie" data-source="post: 5384387" data-attributes="member: 58700"><p>they let it collapse in 2009.</p><p></p><p>they let it collapse in the late 70's and early 80's when inflation and the feds drove the prime rate up to 20 percent. </p><p></p><p>some would argue that recessions of some type are a necessary evil for a number of reasons. </p><p>you can adjust for a recession and make better investment decisions that minimize the pain and may even result in a small return.</p><p></p><p>but [USER=45266]@PT Car Washer[/USER] shining a turd just to defend his parties mismanagement of this economy does not do anyone any good.</p></blockquote><p></p>
[QUOTE="newfie, post: 5384387, member: 58700"] they let it collapse in 2009. they let it collapse in the late 70's and early 80's when inflation and the feds drove the prime rate up to 20 percent. some would argue that recessions of some type are a necessary evil for a number of reasons. you can adjust for a recession and make better investment decisions that minimize the pain and may even result in a small return. but [USER=45266]@PT Car Washer[/USER] shining a turd just to defend his parties mismanagement of this economy does not do anyone any good. [/QUOTE]
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