Martin Wolf Cause of Crisis part 1
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I think these bubbles happen when people smell free money, which doesn't exist. The price of houses was only supposed to go up so people were willing to borrow money to buy them. That made the prices go up for a long time until they got too expensive and people stopped buying the houses at the outrageous prices people were asking.
SwartKoos 5 months ago
Oh my god pete schiff and I saw the crisis coming 10 years ago
flagship21 1 year ago
not in reality as a system that revolves around itself is not a system but rather a circle, therefore this is a financial circle. it renews itself by the same faults same reasons same end. stagnation if you like. the end of evolution in some form
TheNoblot 1 year ago