2min chapter

The Joe Walker Podcast cover image

The Modern Empiricist Proving Old Wisdom On Household Debt And Recession - Amir Sufi

The Joe Walker Podcast

CHAPTER

The History of Housing Bubbles

How have housing bubbles ended? I can speak about the US experience in the Great Recession because that's what I know best. The credit boom gone bust narrative is that you consistently see the same pattern, which is the last guy to get credit is the first guy to default. And that's when the game's over.

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