Quote:
Originally Posted by Azure
So, question is, if sub prime mortgages had never existed, would the economy have crashed?
Even the free market goes through a tough time....at some point.
Everyone knows that the US has a major debt problem. They just don't talk about it when times are good.
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High oil prices was another key variable. Americans are addicted to cars just as much as homes. Also, has a ripple effect with food prices, transport costs etc.