This financial bubble is 8 times bigger than the 2008 subprime crisis

On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that, “We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I … Continue reading This financial bubble is 8 times bigger than the 2008 subprime crisis

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