Dec 4 2008
The Housing Bubble Started in 1979: The 3 Stages of the Housing Bubble. From Birth to Bust. Housing Collapse is 30 Years in the Making.
Many would argue that the real estate bubble started in 1997. At this point, residential real estate values in the United States disconnected from any economic fundamentals. We have heard this argument many times. Yet I am going to argue that the current real estate bubble started in 1979.
The real estate bubble started [...]
Mar 3 2008
Why Credit is not the Same as Cash: Thornburg Mortgage and Margin Calls.
As many of you may or may not be aware, the next big thing that is pushing mortgage lenders and financials into the ground is margin calls. What is occurring in the market is companies leveraged to the heavens, are now realizing the stark difference between liquid and illiquid assets. Take a look [...]
