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**HartOvara** · 03-17-2008, 08:16 PM

Originally posted by Oerdin
Not really a crisis like those three. More like the Japanese crisis of the early 90's. A burst speculative bubble made possible by laxed lending standards and real estate speculations. The worst part about the Japanese situation (probably not a crisis) is that consumer confidence was hit so hard. If consumer confidence gets hit like that in the US is will definitely be a crisis though.

03-17-2008, 08:16 PM	#36
HartOvara Join Date Oct 2005 Posts 420 Senior Member	Originally posted by Oerdin Not really a crisis like those three. More like the Japanese crisis of the early 90's. A burst speculative bubble made possible by laxed lending standards and real estate speculations. The worst part about the Japanese situation (probably not a crisis) is that consumer confidence was hit so hard. If consumer confidence gets hit like that in the US is will definitely be a crisis though.
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