Housing Crisis

Anatomy of a Bubble That Caused a Global Crisis Part 3

July 1, 2021June 21, 2021 by pgrommit

In order to see the all-important relationship between the housing bubble and the ensuing financial collapse, one needs to look at the changes made in both areas in the many years prior to the 2007-2008 period. In the wake of the Great Depression, and a wave of bank failures nationwide, Congress passed a law (the … Read more

Anatomy of a Bubble That Caused a Global Crisis

May 5, 2021April 21, 2021 by pgrommit

It has been over a decade since the Global Financial Crisis that had its roots in the U.S. housing market. In that time I haven’t seen any attempt to explain it all in ways that most people could understand. So I’ll give it a try.