I remember in 2008 talking to my grandad about the gfc. He would have been 81 at that time. He's still kicking at 89 or so was a small business owner , stock investor and proptery investor .
What he said to me was something along these lines and it's really resonated with me.
This is nothing new , credit gets to loose and then they tighten it . Been going on for years .
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- Bubbles, Credit and Their Consequences
Bubbles, Credit and Their Consequences, page-9
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