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by klenwell
454 days ago
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The other thing I recall tying those two periods together was enthusiasts saying, in the face of an obvious bubble, "Well, things are different this time." My glib summation of those two events: - Dotcom boom deregulated (in the social and technological sense as much as the legal) investing (e.g. the rise of day-trading). - 2000s housing bubble (pre-GFC) deregulated home-buying (subprime adjustable-rate mortgages). Perhaps our parting assessment of the ZIRP era will be it cut to the chase and deregulated gambling. |
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I considered mentioning ZIRP as a "anyone could get money" and glad you made the point better than I could.