The run-up of home prices made even less sense than the dot-com bubble — I mean, there wasn’t even a glamorous new technology to justify claims that old rules no longer applied — but somehow financial markets accepted crazy home prices as the new normal.
Quelle: Innovating Our Way to Financial Crisis
Auch in diesem Artikel in der New York Times wird das böse „R“-Wort wieder in den Mund genommen. Was sagt Google?
Hmmm …
Der Markt steht über allem!
Wahrscheinlich hat sich der Staat immer noch zu stark in die Wirtschaft eingemischt …
At a deep level, I believe that the problem was ideological: policy makers, committed to the view that the market is always right, simply ignored the warning signs.
[…] The bottom line is that policy makers left the financial industry free to innovate — and what it did was to innovate itself, and the rest of us, into a big, nasty mess.
Gibt es wirklich eine Rezession (in den USA)? Wie schwer wird sie ausfallen? Auf Web-Sites, auf denen ich verkehre, werden Horrorszenarios geäussert. „Schlimmer als die Great Depression“ werde es werden, hört man dort fast schon täglich:
Do you remember the rule, dear reader? The force of a correction is equal and opposite to the delusion that preceded it. What would you expect to follow the biggest credit expansion of all time? Something pretty dramatic.
Quelle: Credit Expansion Ends, Leads to Falling House Prices
