As far back as 2003, the Trends editors identified how faulty assumptions and perverse incentives were leading to a housing bubble. They correctly forecast the collapse, including the timing and magnitude of the bubble’s burst. But, even the TRENDS Editors underestimated the fragility of the broader system and the consequent collateral damage caused by the bubble’s collapse. Looking ahead, what can you expect? What are the risk factors? Most importantly, what does this mean for you? Keep listening to find out.
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