Re: How will the subprime crisis ultimately affect our country?
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I think at this point there's just been so much wealth created and so much capital accumulated
[/ QUOTE ]yeah but how much of this is real wealth and capital? Thats what all this seems like to me, fake money and wealth. Interest rates were low, so people borrowed more money. The fed kept on releasing more money into our economy, but where the [censored] did all this money come from? Out of thin air if you ask me. I mean I can see that they wanted to counteract inflation, but this just seems preposterous if you ask me.
I would like some insight from those more knowledgable about this than me.
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