Quote:
Originally Posted by kinch
The point is that it propped up a false economic security and growth. Though it is not direct to the stock markets, it is as influential.
Hell, the funny thing is that the Economist and other economic mags have been predicting this for YEARS. We all knew. We were just waiting.
This is what happens when you prop up only one side of the economy (consumerism only).
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I agree. I was referring to the tech bubble being a greater generator of revenue for the government than the housing bubble.