Summary
[...] in the recovery following the 2001 recession, economic growth was very slow; there were thus very limited real investment opportunities. [...] in an effort to stimulate more growth, the Federal Reserve kept interest rates very low.
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Extract
Ask Dr. Dollar
The Giant Pool of Money
On May 9, the public radio program This American Life broadcast an explanation of the housing crisis with the title: "The Giant Pool of Money." With too much money looking for investment opportunities, l...See the full content of this document
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