Re:Markets, Rent and WFH
by dragonwriter on Friday July 03, 2020 @08:03AM
(#23723245)
> Well to be fair the interest rates were halved during the post 9/11 / dot.com bust.
There was no “post-9/11 bust”. 9/11 happened toward the end of the 2001 recession (March-November 2001)
The post-9/11 expansion had particularly poor distributional characteristics, with, IIRC, the bottom 3 quintiles losing ground, the fourth quintile flat, and virtually all the gains in a narrow slice at the top (not just the top quintile, but the top 5% or so.)
There was no “post-9/11 bust”. 9/11 happened toward the end of the 2001 recession (March-November 2001)
The post-9/11 expansion had particularly poor distributional characteristics, with, IIRC, the bottom 3 quintiles losing ground, the fourth quintile flat, and virtually all the gains in a narrow slice at the top (not just the top quintile, but the top 5% or so.)