Interesting viewpoint here that the governments should stop interfering in the credit crunch, because they're setting things up for "an inflationary holocaust":
When the crunch first started, I remember reading somewhere that it was largely down to the relaxation of monetary policy by the Fed - ie Alan Greenspan - following the bursting of the tech stock bubble in 2000. This made credit very cheap, raising the prices of many asset classes to bubble proportions - notably housing.
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I see your serious interest and raise you
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Sorry, I can't remember where!
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