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Zhongwen

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« The Tao of Fed | Main | Finance is Immoral »

September 17, 2008

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Interesting thoughts. This crisis is much more complex than some people are able to admit. It's definitely not only about the real estate and mortgages. We have to go deeper into FED's policy, into almost uncontrolled monetary supply rising, into trade balance, national debt and rising government spendings. All these factors contributed, day after day, until everything burst. The real estate market was just the first victim...
Regards,
Elli

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