[Moonman62]

Blame Greenspan. He killed the stock market in late 90s by raising interest rates too high, too fast, then turned on a dime and lowered them to next to nothing, encouraging hyper-inflation in housing prices.

I agree, but he didn't turn on a dime. Once he finally saw the light and started lowering rates, he didn't lower them nearly fast enough considering the economic conditions.

The observation that the Fed is creating booms and busts in our economy is true. And the irony is that the net effect is still inflation. If you or I had such an abysmal track record, we would have been fired a long time ago, not treated like rock stars and oracles of truth.

[gura]

But my econ professor told me that government intervention in the economy is what was supposed to temper these boom and bust cycles!