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Dum Dum

What Instigated The Credit Crunch?

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Essentially I am asking a series of 'why?' and 'who?' questions to trace what happened leading up to the credit restrictions last summer.

I believe this is an interesting question - primarily because I believe the bubble was much deeper and longer than it ought to have been. Many pundits agreed.

So, who had the lightbulb moment and acknowledged the elephant in room - the actors and players in the game? The realisation that the value Americans sell their labour for (that's if they even work!) could never pay for their debts.

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Essentially I am asking a series of 'why?' and 'who?' questions to trace what happened leading up to the credit restrictions last summer.

I believe this is an interesting question - primarily because I believe the bubble was much deeper and longer than it ought to have been. Many pundits agreed.

So, who had the lightbulb moment and acknowledged the elephant in room - the actors and players in the game? The realisation that the value Americans sell their labour for (that's if they even work!) could never pay for their debts.

There was a glut of bad news in August 07 but according to creditwritedowns.com it started way before that.

For a timeline of events go to www.creditwritedowns.com

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Guest Shedfish
There was a glut of bad news in August 07 but according to creditwritedowns.com it started way before that.

For a timeline of events go to www.creditwritedowns.com

that really is a cracking site - some of the broadsheets both sides of the pond started logging these events, but the timeline on there is bl00dy awesome - thanks bobby

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  • 396 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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