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by sleighboy 5164 days ago
It collapsed because it was a bubble being pumped up by the Federal Reserve and its' "easy money" market manipulations. That is the flawed logic of a Keynesian system, that you can plan and manipulate a world economy. You can't, and thus we ride the roller coaster of boom and bust. It's been happening as long as the unaccountable Federal Reserve has been calling the shots.