I sometimes wonder if there is a concerted effort to keep the general public confused and uneducated. Actually I’m sure there is. Of course loose monetary policy drove housing prices and the fraud that enabled it. Money always goes looking for yield.
I am curious that there is almost no discussion about the carry trade between the billions borrowed from Japan at 0% and lent here. A liquidity drop of historic porportions as I understand it. (also why must I always end my sentences in a preposition?)
