Inflation, Bernanke, tightening, moderation, slowing production, what's next?
Everything is a great guess. The real estate bubble needed to be slowed down. The Fed did it. The games and gimmicks in the mortgage market needed to be shut off. The Fed did it. The economy needed to slow down. The Fed AND higher crude prices did it.
Or was it was the record levels of household debt that finally came home to roost?
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