Have a read of www. query.nytimes. com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F9582 60&sec=&spon=&pagewanted=1
In this 1999 New York Times article it was predicted. Lets hope a NZ Government never encourages subprime mortgages.
Also www. washingtonpost .com /wp-dyn/content/article/2008/10/05/AR2008100501253.html
"The real roots of the crisis lie in a flawed response to China. Starting in the 1990s, the flood of cheap products from China kept global inflation low, allowing central banks to operate relatively loose monetary policies. "
These links came from this blog www. bbc. co.uk/blogs/thereporters/justinwebb/2008/10/did_deregulation_really_cause.html
In this 1999 New York Times article it was predicted. Lets hope a NZ Government never encourages subprime mortgages.
Also www. washingtonpost .com /wp-dyn/content/article/2008/10/05/AR2008100501253.html
"The real roots of the crisis lie in a flawed response to China. Starting in the 1990s, the flood of cheap products from China kept global inflation low, allowing central banks to operate relatively loose monetary policies. "
These links came from this blog www. bbc. co.uk/blogs/thereporters/justinwebb/2008/10/did_deregulation_really_cause.html
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