Important Names
He questioned how two banks were able to collapse when systems were supposedly in place to prevent this from happening.
Who is Joe Biden?
In this year, Wall Street Bankers and investors nearly brought down the global economy.
What is 2008?
A stock market characterized as making consistent gains is called this.
What is Bull Market?
This is the central banking system in the United States and it is the "blood supply" for our economy.
What is the Federal Reserve?
This is the location of the Fed's annual statement in August of each year.
What is Jackson Hole?
The first time Wall Street had its best week ever was in April of this year.
What is 2020?
The stock market reaction to the reversal of quantitative easing is called this.
What is Taper Tantrum?
This is the opposite of Quantitative Easing.
What is Quantitative Tightening?
Quantitative easing resulted in the creation of this ultra-conservative political movement.
What is the Tea Party?
This current federal reserve chairman gave speeches at Jackson Hole, Wyoming.
Who is Jerome Powell?
The Fed manages inflation to achieve this targeted inflation rate.
What is 2%?
The age of easy money caused a resurgence of this 1980s economic policy catchphrase. This means putting more money in the hands of the upper-class and it will filter to the middle class.
What is Trickle Down Economics?
The Fed printing extra money and then using that money to invest in federal and corporate bonds is an example of this.
What is quantitative easing?
This global conflict exacerbated the inflationary impacts of quantitative easing.
What is the War in Ukraine?
This man served as Chairman of the Fed from 2006 to 2014. He also pushed his idea of QE2 (Quantitative Easing).
Who is Ben Bernanke?
The Fed has raised the interest rates at the fastest pace in this amount of years.
What is 40 years?
Chairman Powell predicted that US households would feel this as a result of the end of the Age of Easy Money.
What is Some Pain?
The bank-like activities of entities that are not registered as banks were called this.
What is Shadow Banking?
When risk-takers have no negative consequences for their risky behavior and only can make money from these risks is an example of this two word phrase.
What is Moral Hazard?
This treasury secretary criticized the idea that stimulus money during covid would actually help the economy.
Who is Larry Summers?
In 2020, a bipartisan economic bill was passed called the Cares Act passed for this amount of money.
What is 2.2 Trillion Dollars?
Who is Warren Buffet?
The Height of the age of easy money was exemplified by the presence of these three bubbles at the same time.
What are Stock, Real Estate, and Bond markets?
This two-word phrase is another way of saying Trickle Down economics.
What is the Wealth Effect?