…you can always reprioritize your goals later to keep up with changes to your circumstances, market conditions, and interest rates.
Plus – The difference between then and now is that the mortgage securities market was starting to collapse.
The Fed seems perfectly happy with itself because the unemployment rate has fallen to historically low levels at 4.4%. Job creation appears to be moving at a healthy pace, but wages are not rising.
The lesson is that these disasters, while a tragedy in so many ways, do not shift the fundamental path of the U.S. economy.