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Lessons from the Great Recession
This chapter revisits the Great Recession and examines the societal and economic factors leading to the 2008 financial crisis. It highlights the shift in investment strategies as individuals moved towards real estate, spurred by optimism and low interest rates, and the role of banks and investors in the mortgage crisis. Additionally, the discussion reflects on the disconnect between stock market performance and economic reality, emphasizing the challenges in predicting economic downturns.
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