Living It. Volume Iii: Interpreting the Great Recession and Subsequent Recovery

Writing about current events requires that the author be engaged in what is going on in the world in ?real time.? You have to live and breathe what is happening: you live the events daily. You live the actions of the Federal Reserve System and the European Central Bank. You live through the frustrations of the Federal Reserve System and the inability of the central bank to stimulate the economy back into a more rapid recovery. You live through the new programs the monetary authorities create, like a new round of Quantitative Easing, QE2, to support the smaller banks in the banking system and to cause rising stock prices and housing prices to create a wealth effect in the economy. You live through Europe?s continuing economic and financial problems and see further distress. That is why this book is titled ?Living It? because I did! In reading this book you should get some sense of how history unrolled during this remarkable time.