re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

quote:

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I guess it's an old dead horse debate for another thread, but seriously, Greenspan's policies have very, very little to do with our current problems.

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I didn't want to make the argument too strongly and, again, like I said - a long time ago.

But the effects of those policies are: people are used to low interest rates and somewhat inflated housing prices. Those are facts that have arisen because of Greenspan. There will come a day when interest rates (and even inflation - we're starting to see that in some sectors, energy, for example) will rise again - and if that is not managed properly, it can bring down the whole house of cards.