Tradememe

Greenspan Yet Again Blames Others for Housing Bubble

Good post. Unfortunately, doing post mortem does not contribute in fixing the present situation. We must admit that we have got the benefit of hindsight and we all enjoyed the bubble before it burst.

The Bane of Broken Balance Sheets

One consequence of the crisis is that we will have fewer speculators or traders and more investors. And that would be a good thing for the overall economy. In the meantime, we will have to go through the pain of the transition period.