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This Is What A Bubble Looks Like

Some months ago, Joakim Book put his finger on a problem that has bedeviled financial professionals and Nobel prize-winning economists for a much longer period of time.A seemingly simple question .12/08/2021 14:21:45PM EST.

Rethinking The Great Housing Bust Of 2007-8

by Timothy Taylor, Conversable EconomistThere’s a standard story about the underlying causes of the Great Recession of 2007-9. I’m sure I’ve told it myself a time or two. It starts with excessively easy lending for home mortgages - including the so-called “sub-prime

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