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Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

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What's So Interesting About Housing Busts?

The average duration of the major housing busts they started was six years, which is a lot longer than stock market crashes. Housing back in Alia because they increase for so long and then they kind of deflate like a long sigh for a very long time as well. Have you thought of any alternative metaphors we could use? Well I was thinking of the word that was used during the tulip mania in Dutch. The wind handle. That means the wind trade, the wind trade. So it didn't say that it was going to burst, but it did imply that it was crazy.

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