A broad-based bubble

The real estate bubble in the US was broadly based as it hit both the commercial and residential real estate market. Not specific to sub-prime lending to minorities or marginal borrowers. Read More...
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Bubbles & Banks - Krugman

“Reform, in other words, probably can’t prevent either bad loans or bubbles. But it can do a great deal to ensure that bubbles don’t collapse the financial system when they burst.” - Paul Krugman Read More...
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