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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: bart13 who wrote (118232)	4/19/2016 1:52:11 AM
From: elmatador	Read Replies (1) of 218074

This large influx of money to U.S. banks and financial institutions, along with low interest rates, made it easier for Americans to get credit. ELMAT TRANSLATION: the fact the we are the world currency and we hog capital These developments allowed more families to borrow money for cars, and homes, and college tuition, some for the first time. They allowed more entrepreneurs to get loans to start new businesses and create jobs. Unfortunately, there were also some serious negative consequences, particularly in the housing market. Easy credit, combined with the faulty assumption that home values would continue to rise, led to excesses and bad decisions. ELMAT TRANSLATION: We Americans thought that we could milk the world currency and the hogged capital forever. http://www.nytimes.com/2008/09/24/business/economy/24text-bush.html?_r=3&pagewanted=1&oref=slogin

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