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Editor's Note: The chart and excerpt below are from today's Morning Newsletter written by Hedgeye macro analyst Darius Dale. Click here to learn more about how you can subscribe. 

...History has spoken loudly for Mr. Greenspan with respect to determining whether or not the Federal Reserve’s actions (or lack thereof in many cases) contributed to the most severe financial crisis since the Great Depression. And while they may not readily admit it, policymakers – like investors – do indeed make mistakes.

CHART OF THE DAY: Policy Mistakes (Remember Jean-Claude? No, Not Van Damme) - z Chart of the Day