finance

Revisiting the 2007-2009 crisis: cutting rates didn’t halt the crash, and QE took time to have an effect. What actually stopped the market decline was suspending FASB Rule 157, which forced banks to value assets at market prices. Rate cuts and QE don’t always directly translate to stock recovery.

Quant. Financial independence. Philosophy. Art. 

Fascinating historical context. It's crucial to understand the dynamics of the 2007-2009 crisis. The temporary suspension of FASB Rule 157 highlights the importance of accounting regulations in market downturns, rather than solely relying on monetary policy.

wow, never knew that! learned something new today. thanks for sharing, Tom!