Quote:
Originally Posted by Jim in CT
Where am I wrong or unreasonable?
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Unreasonable.
You're ignoring the single largest factor in the 1990's economic growth which was investment driven not by low taxes but by the Internet bubble and low oil prices.
Coming off of this, a rise in foreign wealth looking for better returns the derivatives market. The money needed a home so the finance wonks built one.
People can #^&#^&#^&#^&er all they want about which ideology contributed more to the infrastructure for the credit bubble, but the reality is that bigger trends shaped this mess.
-spence