Posts Tagged ‘ Housing bubble ’

Banks, Not the Free Market, Are to Blame

Nov 3rd, 2011 | By | Category: Economics, Featured
One nice thing about the Internet age is that libertarians and other supporters of the free market have a platform to offer our own narratives on financial crisis and recession. This democratization of publishing means we can offer counter-narratives to the those of the elites, and do so contemporaneously and ...read more

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Posted in Economics, Featured | 3 comments


Answering Krugman on Austrian Economic Theory

Feb 2nd, 2011 | By | Category: Economics, Featured, Housing
I still get the sense that Krugman truly doesn’t understand the Austrian position. For example, he asks, “Why is there overwhelming evidence that when central banks decide to slow the economy, the economy does indeed slow?” But because the Austrian theory says the bust occurs when the central bank backs ...read more

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Posted in Economics, Featured, Housing | 1 Comment »


Housing Bubbles and Booms

Apr 11th, 2008 | By | Category: Macro Economics
Not every boom is a bubble, though most of them become bubbles. Not every boom ends in a bust, though most of them do. In the present situation, one needs to be careful to distinguish between the two types of rapid price increase. In the United States and in the United ...read more

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Posted in Macro Economics | No Comments »


Every Which Way But Me

Nov 19th, 2007 | By | Category: Commodities
THERE WAS AN INTERESTING INTERVIEW with Alan Greenspan on Fox Business Network about housing, gold, and the lack of need for a central bank. It appears that Greenspan has plenty of reasons for why the housing bubbles worldwide ever started and are now bursting. This appears to be Greenspan’s new MO. He’s been traveling all ...read more

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Posted in Commodities | No Comments »


No, Greenspan, Conditions Are NOT Like 1998

Sep 11th, 2007 | By | Category: Macro Economics
The Wall Street Journal is reporting, “Greenspan Says Turmoil Fits Pattern”: “Former Federal Reserve Chairman Alan Greenspan said the current market turmoil is in many ways ‘identical’ to that which occurred in 1987 and 1998, when the giant hedge fund Long Term Capital Management nearly collapsed. “‘The behavior in what we are ...read more

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Posted in Macro Economics | No Comments »


Six Phases of the Housing Bubble

Jul 12th, 2007 | By | Category: Commodities
The popping of the housing bubble is much like the six phases of the typical project: Enthusiasm Disillusionment Panic Search for the guilty Punishment of the innocent Praise and honors for the non-participants Right now, we seem to be in an overlapping state centered around panic (this phase can last a long time) with lingering pockets of ...read more

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Posted in Commodities | No Comments »


Housing Bubble: What Housing Bubble?

Aug 2nd, 2005 | By | Category: Macro Economics
Mike Shedlock reviews Neil Barsky's opinion piece in the Wall Street Journal on the Housing Bubble and finds its premises incorrect and its conclusions absurd. What Housing Bubble? Neil Barsky, managing partner of Alson Capital Partners, LLC, wrote an absurd opinion piece about housing in the Commentary section of the July 28 ...read more

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Posted in Macro Economics | 2 comments