In 2007,this economic "bubble" burst,leading to a loss of trillions of dollars in value for that item.

Question

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The economic bubble that burst in 2007 was the housing bubble, which was caused by a combination of factors such as subprime lending, adjustable-rate mortgages, and speculation on real estate. When the housing market crashed, it led to a significant loss of value for homes and caused a ripple effect in the economy with foreclosures, job losses, and the collapse of the mortgage industry.

In 2007,this Economic "Bubble" Burst,leading to a Loss of Trillions