The problem behind the US housing bubble, and many other bubbles waiting to burs…

By | February 6, 2012
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

http://www.laprogressive.com/robo-signing/

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