“Ultimately, the market’s going to end up sorting most of this mess out, despite the Fed’s and Congress’ intentions. It’s too late.”
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I agree.
Read how Greenscam claims the Fed was powerless to stop the housing bubble from inflating.
“Greenspan said in an interview with Austrian magazine Format that low interest rates in the past 15 years were to blame for the house price bubble, but that central banks were powerless when they tried to bring it under control.”
So, following his same logic, the Fed will also be powerless to stop the housing crash.
