May 22, 2015
When the Current Housing Bubble Finally Bursts
http://dlvr.it/9wmKX2
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When the Current Housing Bubble Finally Bursts
http://dlvr.it/9wmKX2
When the Current Housing Bubble Finally Bursts
When the Current Housing Bubble Finally Bursts
Bubbles are followed by echo-bubbles, and the bursting of the second bubble ends the speculative cycle. If we have learned anything in the past 20 years of massive asset bubbles and equally massive declines when the bubbles finally pop, it’s this: those caught up in the expansionary phase of the bubble cannot believe the bubble that’s rewarding them so richly could actually burst. This psychology…
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