What Started The Recession Part 2: The Housing Bubble Goes Pop

Jan 02, 09

Posted by Evlondo Cooper in News, Recession Opinions

While credit default swaps pose the most significant new risk to our economic health, the bursting of the housing bubble is the primary cause of the current recession.  Now that may appear to be a simple proposition. However, the underlying causes of the housing bubble, and the consequences of its collapse, are both wide and...