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Response to Eugene (Original post)

Sat Jun 9, 2012, 07:01 PM

52. Yes. As another poster stated, some of us saw this coming back in 2003

when Greenspan kept the prime rate at zero (9/11 was his excuse). Combine that with the deficit spending and cheap consumer debt, a massive bubble was being formed that would eventually burst. Jonathan Chait (LA Times) said it may be better if Bush won in 2004 (in the long run) since this massive bubble was going to explode, it would be only just for it to do so no Bush's watch.

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LineReply Yes. As another poster stated, some of us saw this coming back in 2003
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