The problem behind the US housing bubble, and many other bubbles waiting to burst
This is a nicely explained article on why the US housing bubble collapsed as dramatically as it did. It should also be a warning to the Euro Zone, in particular Greece and its biggest creditors, as the Euro bailout oplans to date look perilously close to what the US housing bubble looked like.
/via +Charles A. Anaman
Just checked, should be up now.
Is there another link to this?
Response is: website offline.