Just for anybody who missed it, here’s the Shiller graph of the bubble in house prices. It looks like something unprecedented has occurred, so that unwinding or popping the bubble may take a while and be fairly disruptive.
Just for anybody who missed it, here’s the Shiller graph of the bubble in house prices. It looks like something unprecedented has occurred, so that unwinding or popping the bubble may take a while and be fairly disruptive.