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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Slagle who wrote (23426)10/3/2007 12:56:16 AM
From: energyplay  Read Replies (2) of 217815
 
Part of the lower mortgage standards were driven by a desire to increase home ownership among minorities, and avoid charge of discrimination. This started in the 1990s.

The other part was a desire to create a boom to offset any effects of the 9/11 attacks, which happen in addition to the 'normal' stock market bust of 2000.

I expect that decisions were reached to run the risk of bad loans instead of the reality of a slowing economy.

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We now have a large segment of the economy and a number of voters strongly for low interest rates and inflation. Might be considered similar to the advocacy of the free coinage of silver in the late 1890s.

I am not sure what this will mean politically.
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