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If the GFC was any indicator, it won't ever really crash. The US government will always backstop this market. Too much of people's lives depends on this asset
by anonu 7y ago
If the GFC was any indicator, it won't ever really crash. The US government will always backstop this market. Too much of people's lives depends on this asset
- kgwgk 7y agoDo you mean that there was no crash then or that it won’t happen again?
- api 7y agoIt means any housing crash will be shifted onto other things like the value of the dollar, higher taxes, etc.
- anonu 7y agoThere was unarguably a crash. Something similar to the GFC will happen again. But everything bounced back. With the support of TARP and other government assistance programs. That's the difference here: The recovery.