Jackson50 on 29 September 2008
There were people who predicted this many years ago. When the government's stated purpose in the 90s was to allow every American to purchase a home, that was a warning flag. When the Fed kept interest rates low for such a long time, that was a warning flag. Do you know when the last two times the government kept interest rates as low as it did in the 90s and then the 2000s? The 1920s and then the 1960s. The results were the Great Depression and stagflation.
