Loading ...In my book, it was non payment of real estate loans that took everything down. Before that, it was after 9/11 that the Fed gave massive no doc loan stimulation, that created the r/e bubble. Bottom line. TPTB were throw a CURVE ball in 9-11-01, and were thrown totally OFF STRIDE. Why am I the only one saying this??? Since day one?
Oh I get it. Never mind the question. Nobody want to admit the terrorists got the best of TPTB or that they had any effect on anything.
Baby boomers didn’t crash the market. The market crashed on THEM. TWICE. The Dot come March 20oo peak and crash. The 2008, a result of 9-11. They all bailed out on the lows. I know many of them, that got out and never wanted back in.