Life at The Top novel Chapter 1794

“Yes.”

Benett’s answer was so decisive that Greenspaner had no choice but to accept it.

“The real estate industry in the United States has continued to rise for the past 10 years. Over the past 10 years, too many economic derivatives have emerged. Personal credit contracts being sold as futures in the subprime market is just one of the most represented ones, but it is not everything.

“The root of the problem is that the real

estate industry bubble in the United States

has overheated. Even without Jasper, it

might have burst 5 or 8 years later.

“But sooner or later, it would have broken down, be it now, 5 years, 8 years, or even 10 years later.

“Just before it bursts, it would appear that everyone can make money in this industry, but economic laws tell us that every bubble will burst one day, and there won’t be an industry that makes endless profits.

“So, its situation is difficult to recover

from.”

Benett’s words made Greenspaner look.

depressed. He said, “You have the same

views as us. It seems that this is indeed a

failure on my part.”

“You served for two consecutive terms as chair of the Central Bank. During these two terms, you sent away 2 heads of office and 3 heads of finance. The determination of economic policies is based on local conditions and timing, so it’s not your fault.” Benett comforted.