The Trouble with Cheap Credit
Sep 3rd, 2008 | By Whiskey Contributor | Category: Economics, Housing
A Texan customer who came to see me a few months ago told me a story which illustrates the fine mess we’re in.
In the 1980s boom his neighborhood boasted not one but two commercial real-estate developers, both of whom were building shopping malls.
The one developer was cautious. He’d already built ...read more
