comments

Many assets bought with cheap credit weren't worth price paid

Fuelled by cheap credit, the prices that people were prepared to pay to own assets become divorced from their real intrinsic value.

RELATED ARTICLESExplain
⌅
The Global Financial Crisis
⌃
Long-term causes of the financial crisis?
⌃
Unintended consequences of earlier public policy choices
⌃
US spending funded by credit
■
Many assets bought with cheap credit weren't worth price paid
□
Incomes didn't keep up with productivity
□
Financial innovation made credit cheaper and more widely available
□
People encouraged to live beyond their means
□
Response of Bush Administration to 2001 recession
□
Graph of this discussion
Enter the title of your article


Enter a short (max 500 characters) summation of your article
Enter the main body of your article
Lock
+Comments (0)
+Citations (0)
+About
Enter comment

Select article text to quote
welcome text

First name   Last name 

Email

Skip