The Fed started cutting rates in mid-2007 to buffer the housing collapse. Which is why by Sept. 2008 they were more worried about inflation than the collapsing bubble.

October 18, 2021, 10:02 AM by Alex Mark

The Fed started cutting rates in mid-2007 to buffer the housing collapse. Which is why by Sept. 2008 they were more worried about inflation than the collapsing bubble.
They were fooled by their own policy.
The same thing is happening now:https://t.co/eQss4Y8bid pic.twitter.com/ca8GzlMi10
— Mac10 (@SuburbanDrone) October 17, 2021

#recession … #GFC2 US #Housing #Bubble 2.0 edition#RealEstate #Property #REIT https://t.co/8DQqiSRsS8
— Invariant Perspective (@InvariantPersp1) October 18, 2021

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