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re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/23/14 at 2:51 am to stout
Posted on 12/23/14 at 2:51 am to stout
quote:
Ummm...lolno. The subrime mess lead to the housing bubble popping.
not quite Einstein...the sub prime mess CREATED the housing bubble, what caused it to 'pop' was the increase in costs of food and fuel....those who had borrowed more than they could afford had zero cushion to absorb the increased commodity costs and began defaulting on loans...the pop
you're out of your league here junior
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