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candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn t gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, it all began in 2008. 2008 and aftermath is a complex story. let s sum up in the broadest possible terms what happened. big financial institutions took foolish risks and nearly blew up the u.s. entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot ....
All street success no matter what they tell you was low interest rates, not new innovations. low interest rates make a beautiful market inevitable. in a non - companies become valuable and they produce more goods and services that people want to buy. but in an economy controlled by monetary policy run by the federal reserve companies become valuable when interest rates decline. so, for 13 years interest rates remained near near zero. in res ro spectacle this was crazy behavior. declared by the federal reserve by 2008 but never ended. the american economy was distorted beyond recognition. venture capital and private equity exploded. so, did cryptocurrency, asset prices particularly real estate. there was an ocean of money flooding the system. and the people who ....
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