Daily Archives: April 8, 2008

Displacement, Boom, Euphoria, Profit Taking, and Panic

In the once widely-disdained credit cycle proposed by Hyman P. Minsky, we are currently in the panic stage of the housing/mortgage market, and interestingly, John Cassidy of The New Yorker does not blame Bush, but Fed Chief Greenspan for his … Continue reading

Posted in buying a house, money | 2 Comments