Dec 31 2008
Housing Bubble Genesis: 5 Reasons that Didn’t Cause the Housing Bubble and 5 Reasons that did.
There is a danger in having power. Credit at least many decades ago was seen almost as an extension of the morality of the borrower. That is, the way credit was given many times reflected the capacity, collateral, and character of the borrower. Main Street is already feeling this recession like the worst since World War II and [...]
Aug 25 2008
Global Markets: World Stock Markets Feeling the Pain of the Credit and Housing Crisis.
There have been many theories floating around the financial press that the world markets are now independent and that having a global depression like times in the past was highly unlikely. For the most part, since the credit crisis took on a full head of steam in August of 2007 most world markets are falling [...]
