In A Speech In Late 2011, President Barack Obama

In a speech in late 2011, President Barack Obama argued that: “Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago. Discuss in 500 words ” What did president mean by the “housing bubble”? How can a housing bubble bring on a recession?

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In a speech in late 2011, President Barack Obama

Question
In a speech in late 2011, President Barack Obama argued that: “Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago. Discuss in 500 words ” What did president mean by the “housing bubble”? How can a housing bubble bring on a recession?

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