This graph shows that few countries escaped the housing bubble that led to the financial crisis. Those who want to blame government policy in the US for the housing bubble would have a hard time explaining this phenomenon. Easy credit from the banking sector is the more likely explanation.
Wednesday, November 16, 2011
The Housing Bubble Was An International Event
This graph shows that few countries escaped the housing bubble that led to the financial crisis. Those who want to blame government policy in the US for the housing bubble would have a hard time explaining this phenomenon. Easy credit from the banking sector is the more likely explanation.
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