467,000 more jobs lost in June.

[TheRealMafoo]

Avinash_Tyagi said:

What happy said didn't address my point, in fact he pretty much showed that it had nothing to do with government action.  Look at the chart that happy provided, home prices adjusted for inflation didn't exceed historical norms until 2001, that means that most of the activity in Subprime leanding and in housing price bubbling didn't occur until after the last recession which followed the dot com burst and 9/11.  This shows it had very little to do with anything the government did with regards to expanding housing back in 92.

Look at the chart again. House prices started to rise in 1993, and inflation adjusted in 1997.