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IPFS News Link • Economy - Economics USA

No Greenspan, Conditions are NOT Like 1998

9-11-2007 • MISH: Global Economic Analysis

Greenspan says conditions are like 1987 or 1998. He could hardly be more wrong. In 1987 and 1998 we had an internet buildout and a housing bubble to look forward to. CDS, CDO, LBO SIV, ABS, etc all became financial buzzwords for easy credit. The easy

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