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BuyingBear

How The Boom Of 2006 Ended

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How the boom of 2006 ended

Anybody with a bit of imagination, with a feel for the future, can construct a plausible scenario. Like this:

We should have seen it coming.

We were living beyond our means, saving absolutely nothing, spending more than we were earning -- like there was no tomorrow.

Most Americans were doing that. Worse, the government was doing it -- piling deficit upon deficit. And at the end of 2005, the total federal debt per U.S. household was more than $450,000.

But, as it always does, profligacy caught up with us. And the economy, which had been growing at a comfortable 3 to 4% rate for many years, came crashing down last year, in 2006.

How did it happen? What was the trigger? What lessons were to be learned?

The prime cause of the recession that began in 2006 was that, as often happens, the President tried to do too much at once.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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