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North Central Texas | I can go with that. Looking back we should expect several recesions between now till the big double.
There really wasn't anything "Great" about 2008. The 5% drop might have been spectacular at the time but in the history of inflations, it really wasn't that high. It also wasn't quite the shock as many experts were critical of the change in lending regulations during the Clinton administration. They warned what would happen they just couldn't tell when. Those warnings kept many out of the subprime game.
The two months last year was the worst on the books in almost 80 years and 5 times worse than 08. | |
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