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by drcode 4814 days ago
"The housing bubble was fundamentally engendered by the decline in real long-term interest rates"- Alan Greenspan
1 comments

I'm happy you're patting yourself on the back for your knowledge of a single quote by a single economist. But you still need to make a compelling argument instead of just saying "Things are just so."

See how this game is played?

EDIT: Well, that was probably too mean. So lemme ask you this.

Since you agree with Alan Greenspan so much, please tell me what caused the long-term decline of interest rates. HINT: it wasn't the fed, according to Greenspan. After all, the Fed raised interest rates in 2004 and 2005.