Tag Archives: housing market

A provocative idea: linking income inequality and the subprime crisis

He was called Raghuram Rajan, the economist introducing the controversal hypothesis about a causal link between increasing income inequality and the financial crisis, at the annual meeting of the American Economic Association. Advertisements

Posted in Financial crisis and various bubbles to be continued | Tagged , , , , | 6 Comments

Watch out for those…!

The burst of the US real estate bubble and the resulting bust of subprime credit was the main reason for the heaviest economical crisis since the Great Depression. Everybody vows that it shouldn’t and must not happen again, but let … Continue reading

Posted in Financial crisis and various bubbles to be continued | Tagged , , , , , , , , , | 4 Comments

New subprime mortgages to spur the British housing market

Although just three years ago irresponsible subprime lending caused huge losses and is even blamed to be a driver for the financial crisis mortgages are now available to people who did not qualify by mainstream lenders.

Posted in Financial crisis and various bubbles to be continued | Tagged , , , | 2 Comments