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- Payback’s a B!tch
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This is a good reminder that our economy is cyclical, with a general 10 year cycle. As the economy was artificially boosted by ultra-low interest rate starting in ‘01, followed by complete loosening of credit in ‘03, we had an additional 5 years of artifical boom. It is unfortunately time to pay the piper….
Original Source
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19 April, 2008| housingblogs |
@ 16:22
