The Big Picture is Wrong About Housing Not Being a True Bubble

http://bigpicture.typepad.com/comments/2007/09/how-low-will-ho.html

"Housing wasn't a "true" bubble; Rather, credit was a massive bubble"

I disagree that housing was not a "true" bubble. Just look at the chart:

http://zeninvestor.blogspot.com/2007/09/look-at-bubble.html

I completely agree that there is a massive credit bubble though.

zen


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