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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (46310)12/29/2005 8:45:42 PM
From: Jim McMannisRead Replies (3) of 306849
 
RE:"The feds were in the process of tightening in between his post and then. They were forced to reverse course drastically after 9/11, giving money away for years to prop up the economy. That's why the market didn't go down then. All of that free money turned it into the largest housing bubble in history. The fed started removing that free money last year and is continuing to do so."

It's apparent Greenspan had little faith in the economy after 9/11.

Why he let the easy money flow so long is a mystery for the ages.
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