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Housing Bubbles, Global Household Leverage, Why Fed's Reflation Efforts Will Fail 
Mish's Global Economic Trend Analysis | by Michael Shedlock(noreply@blogger.com) | Tue, Jan 12
Mish's Global Economic Trend Analysis is the #1 Blogger for Ben Bernanke
Credit bubbles have their foundation in loose monetary policy that makes borrowing appear attractive. Those bubbles may manifest in the form of stock market bubbles as in the Nasdaq in 1997-2000 or housing in 2004-2007. Indeed the Fed is the "Great Enabler" of bubbles.
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