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Updated 13 Jan 2021
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cameberg353 SCS
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the roaring 20s
By
cameberg353 SCS
31 Oct 2017
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Events
Housing prices started to go up.
Federal Reserve chairman Alan Greenspan warned a recession coming, later on, was possible.
Alan Greenspan's comment triggered a stock market sell-off.
The Federal Reserve Bank of St. Louis president William Poole said that the Fed expected that the economy would grow at a 3% rate that year and saw no reason for the stock market decrease.
Stock markets rebounded.
The housing decrease had led to the financial industry.
Feds ignore warning signs of oncoming recession.
The Federal Reserve suggests that federal agencies should encourage leaders to work out a loan agreement rather than to foreclose.
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