If you pay attention - even a little bit - to the finanical media, you are aware of the flurry of “experts” claiming that “this time is different.” But is it really? Or is that we just don’t remember that capital markets expand. Then they contract. Then they expand again. Don’t worry if you don’t [...]
In an effort to research the latest ”crisis du jour,” I typically peruse several different financial media websites. Today when I opened www.cnbc.com, I saw in big, bold letters “Home Prices Fall in May, Erasing Four Years of Gains.”
First of all, the 0.9% drop in home prices in May by itself did not “erase four years of [...]
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