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IPFS News Link • Economy - Economics USA

Are We On Some Sort Of A Cycle?

• http://theeconomiccollapseblog.com by Michael Snyd

Do you remember what happened precisely 14 years ago?  In 2008, the housing market collapsed and the subprime mortgage meltdown made national headlines day after day as unprecedented panic swept through Wall Street.  To many of those that were working in the financial industry at that time, it seemed like the world was ending.  Of course the world was not actually ending, but without a doubt it was an extremely painful episode for our nation.  Countless Americans lost jobs or homes (or both), and the ripple effects of that crisis can still be felt today.

But did you know that there was another housing crash exactly 14 years before the one that we witnessed in 2008?


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