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The inflation in the 2000s was the needle that popped the housing bubble. It wasn't comparable to current levels, but it was high and the Fed tightened aggressi
by adam_arthur 5y ago
The inflation in the 2000s was the needle that popped the housing bubble. It wasn't comparable to current levels, but it was high and the Fed tightened aggressively to fight it.
There were a lot of structural problems as well, but rising rates leading to foreclosures set off the chain of events.