Originally posted by Crom Valen:
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and just you before you mention the GFC, the Fed saw it coming but couldn't stop it because of all the sheep piling into risky assets.
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The US property market crashed. ========================= Because lots of gullible Americans mortgaged their properties to buy cars, go on overseas vacations and spend up big. Gearing can make you heaps of money, it can also lose you heaps of money if you get it wrong.
