Spurred on by deregulation, speculation, and risk barriers lowered the economy was in hyper drive. While a lot of people benefited from this bubble is it time for a market correction and the consequence is that some percentage of people are going to lose out via losing hours, jobs, homes, and retirement savings. The faster we just admit it, the faster we can move on and begin the slow recovery!
Or is this the step after denial which is admitting there is a problem?
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