It's not just about subprime mortgages anymore. The turmoil we're witnessing in global financial markets is nothing less than the popping of an enormous credit bubble that built up over the past five years, artificially inflating the market prices of stocks, bonds and real estate. It created a... -
Will the Leak Ruin the Engine?
It's not just about subprime mortgages anymore. The turmoil we're witnessing in global financial markets is nothing less than the popping of an enormous credit bubble that built up over the past five years, artificially inflating the market prices of stocks, bonds and real estate. It created a...-
By Steven Pearlstein