Archive for the ‘How it all began’ Category

Scene 1: How it All Began
August 18, 2009

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To understand where the Subprime Mortgage Crisis began, we need to start at the root of the problem and first look at global savings (or as Chicago Radio dubbed: the Giant Pool of Money). By looking at the changes in the growth of global savings and interest rates over the past decade, I explain how and why many investors started moving away from traditionally safe investment products (i.e. treasury bills) to the housing market.

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