Comment 29890

By JonC (registered) | Posted April 02, 2009 at 17:29:32

The problems started being noticeable on a large scale back in 2007 (particularly in the southern US), but the media was too busy ignoring them for most people to notice. or this The investment industry managed to keep a lid on it for a while and the mainstream media is lazy, which prolonged the magic.
Speculators dumped money into commodities (such as gas) as a safe holding spot as the realized the market was on it's death bed (but didn't tell you that). So while there is some correlation between the events, the run up in commodities prices didn't cause the housing bubble to pop so much as it was the other way around.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools