Just like in 05 they weren't sure there was imminent threat, but slight overheating...
Federal Reserve Board Governor Jeremy Stein said there isn't an imminent threat to the wider financial system, but highlighted several markets—including junk bonds, mortgage real-estate investment trusts and commercial banks' securities holdings—as areas where potentially troubling developments are emerging, possibly as a result of the Fed's easy-money policies. Mr. Stein spoke Thursday at a symposium at the Federal Reserve Bank of St. Louis.
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We've seen this movie before... LOL
I am not too worried yet since the sale numbers (price, too) are still much lower compared to 2005.
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