>At 09:56 AM 1/21/2005, Doug Henwood wrote:
>>[Negative amortization mortgages strike me as a symptom of a
>>serious credit bubble; here's some more
>
>what's a credit bubble?
A time when loans are way too easy to get, driving asset prices to insane levels. E.g., the housing market, because all you need to qualify for a mortgage these days is a pulse.
Doug