I keep going back to when Alan Greenspan lowered the prime rate to 1% or something lower after 9/11. All of this cheap money rushed into the markets.
My old boss use to say to people "good ain't cheap, and cheap ain't good." Well, cheap money proved out to be not good. Should have kept rates higher so people would only buy houses who could afford to pay.
My old boss use to say to people "good ain't cheap, and cheap ain't good." Well, cheap money proved out to be not good. Should have kept rates higher so people would only buy houses who could afford to pay.