[lbo-talk] reflections on the current crisis

Robert Wrubel bobwrubel at yahoo.com
Mon Aug 20 19:39:13 PDT 2007


Super article, Doug! One question: you attribute the housing bubble to a "mania" for home ownership. That would be the "demand" factor. Wasn't there also a "supply" factor, in an excess of money that needed to find new outlets for investment?

BobW

--- Doug Henwood <dhenwood at panix.com> wrote:


> I've just posted a piece on the current troubles:
>
> <http://www.leftbusinessobserver.com/Turmoil.html>.
>
> And while you're there, check out the 2005 article
> on the housing
> mania - widely regarded by readers as stunningly
> prescient:
>
> <http://www.leftbusinessobserver.com/Housing.html>.
>
> Doug
> ___________________________________
>
http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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