Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday’s Part 4, and the preceding Part 1, Part 2, and Part 3.]
By 2006, asset slides had crested and were slowly sliding. It was time for the world to zig.
This is a major, seven-part post, best read in order.
If you’ve just arrived, we recommend jump back to Part 1 and [...]
By: David A. Smith
[Continued from yesterday’s Part 3, and the preceding Part 1 and Part 2.]
Halfway through the decade, the world as a whole was experiencing perhaps the greatest runup in aggregate global asset prices ever seen; though the situation appeared to be cresting, no one foresaw imminent collapse.
This is a major, seven-part post, [...]
By: David A. Smith
[Continued from yesterday’s Part 2 and the preceding Part 1.]
By 2002, as we’ve seen in the two preceding parts, expansionary pressures on global capital were bringing forces into alignment with means, motive, and opportunity to push asset prices up.
This is a major, seven-part post, best read in order.
If you’ve just arrived, [...]
By: David A. Smith
[Continued from yesterday’s Part 1.]
In this retrospective on the naughty Aughties, I’m concentrating on the biggest hidden stories, the ones we should have noticed but didn’t. Yesterday we opened the decade with two of them:
2000: David Li publishes On Default Correlation: A Copula Function Approach.
1999: Franklin Raines succeeds Jim Johnson at Fannie [...]
By: David A. Smith
When the naughty Aughties’ history is written, what will be its major financial and economic causes?
This is a major, seven-part post that is best read in order. START HERE.
We all know its major effects – the stimulus bill, President Obama’s election, the GSE conservatorship, and the shotgun marriage of Bear Stearns, [...]
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