warning 2007 crash, page-84

actually, had it not been for this subprime mess, the economy wouldve been in that mode of over-heating and inflation increasing and increasing. rates wouldve had to be hiked further anfd further.

you remember how every 2nd week we were getting all this corporate take over activity???

it was nuts and reminscint of 1986/87

the sub-prime fallout actually prevented a higher inflation economy and fed in full fledged tightening mode

there was irrational exuberence everywhere, and it wouldve led to economic overheating , higher inflation/rates and very hihgh PEs and and eventual crash.