[lbo-talk] reflections on the current crisis

[Robert Wrubel]

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
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