The global financial crisis: everyone knows it was caused by - TopicsExpress

The global financial crisis: everyone knows it was caused by unsustainably cheap money which created a housing & then asset bubble - Right? So what was the US solution? Print several $Trillion dollars of imaginary money, make interest rates 0%, thereby making money even cheaper than before so that people could believe that we can keep on going down the same path forever. And the side effect? By printing money, the value of currency has gone down, house prices are rising rapidly, which is causing an even bigger bubble, and at some point there is going to have to be another real correction #BeAfraid

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