The US Dollar is strong and the fuel is cheaper than ever. What's the problem supposedly?
Here is my take.
1. The greedy banks sold toxic paper to each other in bundles as securities without doing any due diligence whatsoever.
2. The mortgage brokers doctored loan applications to the banks because they only got paid if the deals closed.
3. The banks over leveraged themselves beyond all norms.
4. The SEC did not do its job.
5. Credit was made too easily available to anyone with a pulse.
6. The government is noe spending way too much money.
7. Credit card balances are out of whack.
