Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by CHEAP credit, going BACK as far as 1982 (THOUGH subject to interruptions in the mid-1980s and 1990s, and in 2001), CAME to grief because of a rise in the cost of borrowing MONEY.
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