When you have the largest government in the history of the world, you're going to have a lot of malinvestment. 

Undisciplined

But if everything is malinvestment. Including people paying 32x revenue for a multi trillion dollar market cap company you aren't talking about a few bad CRE deals and bad venture investments going belly up, you are talking about the whole damn thing. 

grayruby

econ

A Fed rate cut will not solve our economic problems

Propping up malinvestment is a recipe for prolonged poverty. I doubt they'll allow it to happen, but two years from now we would be in better shape if they didn't attempt to soften the blow now.