[quote=sdrealtor]It started much longer thna 15 years ago. It started in the Reagan Era where “greed became good”. Just like this ship turns slowly, the political actions of today are felt many years in the future. Most of our current economic issues are rooted firmly in the Reagan Era.[/quote]
Agree with this. Reagan began the post-WWII era of major deficit spending and credit expansion. The credit bubble began in the 80s, IMHO, and the blow-off top is what we’ve witnessed this past decade as they had to go lower and lower with credit standards in order to maintain the credit growth and asset price appreciation that resulted from all this debt.
