Somebody should mention whether this refers only to the US or the entire developed world. 'Cause there's statements like "the improved FED policy is the cause, not good luck". That may be true in the US (although in retrospect the combination of words "good FED policy" sounds kinda ridiculous), but US monetary policy doesn't mean all that much outside the country.
Also it might worth be adding that the "Great Moderation" ended because some nitwit somewhere thought that because the economic cycle has miraculously stabilized, we can afford to do stuff that destabilises the economy, like NINJA loans, and nothing will happen. But I don't dare put it there without backing by any sources. Though I dare you to find an economist who will admit that the crisis has been a human error among the people who're ready to proclaim that "we live in a new era" as soon as they see ten years of stable data. — Preceding unsigned comment added by 89.102.132.47 (talk) 21:18, 3 June 2011 (UTC)Reply
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