Worth A Look
October 21st, 2006 by 
reality
Kate Welling interviews David Levy. “What’s missing is recognition that the “housing bubble†is not just about home prices, home building, and home-equity-financed consumption; it is also about extraordinary financial conditions that enabled a household sector that was unable to adequately service its debt to obtain massive amounts of new credit that have, for a time, masked its financial vulnerability.”
Posted in The Economy | 