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A ‘Gigantic Sweet Spot’: Fed Thought Housing Hunky Dory in ’06 – ABC News


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A 'Gigantic Sweet Spot': Fed Thought Housing Hunky Dory in '06
ABC News
(AFP/Getty Images) Newly released transcripts of Federal Reserve Board meetings show that even as disaster loomed, iceberg-like, for the US economy in 2006 because of inflated housing prices, the board remained lagely clueless.
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