Skyrocketing Costs Will Pop All The Bubbles

Skyrocketing Costs Will Pop All The Bubbles

The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the...
Harvard Trained Economist: Housing Bubbles Are Bad For The Economy

Harvard Trained Economist: Housing Bubbles Are Bad For The Economy

How can the same houses go up far faster than inflation for decades, and that possibly be good for an economy? It only benefits older people who bought earlier, and the affluent who buy the most expensive ones that tend to bubble the most. I was just in Australia...