Loading ...That was my view after the ’92 to ’00 strong dollar IMPORT policy. Prices got so low, they had to put a tax on imported lumber and steel, and FORCED into dropping the dollar down from 120 to get prices higher.
Then the dot com bust that started in March ’00, led to a slowdown that prompted the attack on the world trade center. Their plan was to attack during a recession. THAT in turn, FORCED the banana brain dreamers in charge……
To drop interest rates fast to avoid satisfaction or success in totally killing the economy…..Replacing or avoiding a depression with a new real estate and retail store boom by giving fraudulent loans to people who could not pay them off later on….
The summer ’08 meltdown, imo was in FACT caused by 9/11/01 event. Between 9/11 and the ’08 crash, the entire situation is in reverse, against TPTB and for everyone else. Long lived the king. 🙂