Tag Archive 'bubble'

The Other Credit Shoe Drops

If being upside down on your mortgage isn’t bad enough, consider how many people are into large pickups and SUVs for more then they are worth. And now with gas prices climbing they want to get out of them.
The sale of new SUVs and pickup trucks has dropped precipitously in recent months amid soaring [...]

Fundamentally there was no housing bubble?-Update

So claims Alex Tabarrok. Alex and his blogmate Tyler are two of my favorite bloggers, but on this matter I think Alex is wrong. Unlike for some, his argument doesn’t invite scorn from me, because humility should teach us that sometimes things are different, and we cannot always fully understand why, at least not until [...]