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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byaccount_deleted ( 4530225 ) writes:
Comment removed based on user account deletion
bytimeOday ( 582209 ) writes:
By the same token, I was reading for years how China's construction market was the biggest bubble in history and was going to pop so hard the nation would be an economic black hole. Is that still going to happen or what?
byRust Reducer ( 7979256 ) writes:
Not sure about the economic black hole and I can't be bothered to look up the hyperbole of the time, but it has been legitimate news for a long time and it doesn't look to be over yet: Evergrande collapse [bbc.com].
Often the truth lies between the argument someone is trying to make that is embellished and the reaction against that argument.
byblue trane ( 110704 ) writes:
Did they just print money to avoid a 2008-style panic?
If the Fed had bailed out Lehman would 2008 even have escalated to a panic?
bypackrat0x ( 798359 ) writes:
Lehman was a related, but separate problem from the housing bubble. It goes back to the Russian Ruble and Mexican Peso bailouts. The CEO wanted the same deal (privatized gains, socialized losses). Except this time he was a solo loser, not a group of banks with backing of the government. The CEO refused to change his demands, so the Federal Reserve had no choice but to let Lehman fail.
The housing bubble was popping with or without Lehman.
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