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The next bubble that burst will not be pretty

jv_coach

By jv_coach
in Political Forum

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jv_coach

jv_coach

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Moral hazard, easy money, and cheap credit have never produced good results.....One can never tell exactly when a bubble will burst or which corner of the financial system will be the epicenter of the earthquake. But if and when these looming bubbles explode, the main culprit will be the irresponsible policies that were supposed to prevent future bubbles and that created the perfect storm of moral hazard, easy money, and cheap credit once again.

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