You remember that after September 11, 2001 blamed the downturn in the attacks? We have shampoo so long that although things were known, to seek, it was common to hear that it was all the fault of Al Qaeda, well this article Republic is symptomatic of how the media manipulate the truth and then when we are out maximum time, candidly the bowl as if nothing had happened.
What exactly causes the beginning of the end, starting from March 10, ten years ago? Like all crises, including those born by a concatenation of causes. Some have similarities to the current situation. A single event March 10, 2000 seems to play the role of the booster, is the initiation by the American justice on the Microsoft antitrust examination, which shakes the "queen" of the time. More important post appears to be the gradual tightening in monetary policy. Between late 1999 and early 2000, the Federal Reserve is forced to raise interest rates six times in an attempt to buffer the excess liquidity and the bubble created by easy money. But soon the rehabilitation of the central bank will be wiped out by other emergencies with the September 11, 2001 America is under the dual threat of an unprecedented terrorist attack, along with a recession. The Fed has to go back to pump liquidity into the system, thereby facilitating the emergence of a new bubble (instead of Nasdaq, takes over the housing market). The new Bush administration "cure" the recession with tax cuts indiscriminate, which together with the wars in Afghanistan and Iraq help create deficits overwhelming. Meanwhile the attention to the speculative excesses gave birth remedies are too limited - the leaders are in jail for Enron and Sarbanes Oxley requires more transparency in company accounts - but leaves intact the entire universe of unregulated financial derivative.
In candidly as you can read it says that since 2000 things were falling, but until now the mainstream media had claimed another story, but you know Bush is no longer the recession, the nerve has arrived without apology that there were ready to blame, then you can tell how it was without danger.
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