at the time and I remember the fiasco with exaggerated markets, falsified accounting, and the dot com bubble; people were saying this market will never go down, even though it did in 2000, but then 9-11 happened and redirected history so to speak.
The lowering of the interest rates prolonged the pain at the expense of removing any balance our economy had left. Cheap money will always have a finite life expectancy especially when it's not based on production, I mean what did they expect, that people could just flip houses for the rest of their lives?
Sounds more to me like we live in the United States of Amway.
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