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| − | + | Sorry, I ran out of credit <a href=" http://www.emsjobs.co/accutane/ ">battery generic accutane manufacturers explosion</a> George, who flagged concerns about a potential farmland"bubble" in remarks earlier this year, has argued consistentlyfor higher interest rates and an end of the Fed's easy moneypolicies. But in remarks to a gathering of bankers and businessleaders at a conference here, she expressed confidence that bothfarmers and banks had learned and remember the hard lessons ofbeing "over-leveraged" in the 1970s. When the Fed raisedinterest rates sharply in the 1980s to subdue inflation,thousands of farmers were pushed into bankruptcy as land valuespopped and collateral for their bank loans collapsed. | |
Revision as of 11:36, 17 August 2014
Sorry, I ran out of credit <a href=" http://www.emsjobs.co/accutane/ ">battery generic accutane manufacturers explosion</a> George, who flagged concerns about a potential farmland"bubble" in remarks earlier this year, has argued consistentlyfor higher interest rates and an end of the Fed's easy moneypolicies. But in remarks to a gathering of bankers and businessleaders at a conference here, she expressed confidence that bothfarmers and banks had learned and remember the hard lessons ofbeing "over-leveraged" in the 1970s. When the Fed raisedinterest rates sharply in the 1980s to subdue inflation,thousands of farmers were pushed into bankruptcy as land valuespopped and collateral for their bank loans collapsed.