Originally Posted by Relentless

That's saying the bubble was terrific short term. Yes, if we give mortgages to people who can't afford them it will feel like we are doing much better until the bubble pops. That isn't a 'roaring economy.' We can print money, make new bubbles and spike things in the short term... but I wouldn't say that's a good thing. They are trying to do it again right now with student loan debt being repackaged as safer derivative instruments because the amount of debt is massive, government backed, and can't be discharged by bankruptcy. If they succeed, that will not be a 'roaring economy' either.... it will be 'investors' begging to be bailed out by government insurances when many thousands of students default on billions of dollars of debt that they can't repay because it's easier to get a masters degree than a job.