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Tag Archives: Credit Bubble
The Mortgage Bubble Has Not Yet Popped
House prices have crashed in many markets but banks have barely begun the process of writing down their bad loans. Continue reading
Bubbles, Inflation and Overcapacity
The global central banks have flooded the world economy with hot money for years. Why has this created massive asset bubbles rather than inflation? In the 1970s, expanding credit triggered a decade-long bout of high inflation as cheap money chased … Continue reading