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Financial bubble

During the housing bubble people were buying houses simply because they could easily get a loan to finance them. Many couldn’t really afford the houses they bought, but why worry because the price of housing was just going to keep rising. Some people bought multiple houses as investments, because they could. Had a conversation yesterday with someone that sounded eerily like it was from that earlier era; the person had started her own business to invest in gold and crypto currency. She mentioned a scheme to purchase a developing crypto that was guaranteed not to lose money. Let’s hope that when the Bitcoin bubble bursts it doesn’t have a huge impact on the rest of the economy.

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