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Micro><macro (practical personal finance (Payday loans: high…
Micro><macro
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differing philosophies
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keynes: government should play a role in steering the economy, we dont live forever
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sugar high: the good times get too good, but they are not good forever
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great recession
Credit Backed Securities, stocks which use the value of mortgages to make money. It works great unless there is some sort of issue where there is a lack of good mortages in the pile
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monetary policy
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fed tools
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discount rate: a discounted interest rate to encourage borrowing, used for stimulus
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