…identify housing bubbles before they grow so large as to pose a serious danger to the economy. The personal slight is beside the point; the issue is that our elites…

…If this is the case, then laughable graph #2 seems to show a dismally hopeful trend, as execution rates have dropped since the housing and finance bubbles burst in 2007-2008….

…real-estate bubbles, sells it for $1.5 million. That $1 million profit is now taxed at a rate of only 15 percent. If the home had been the principal residence of…

…compellingly correlated with known financial crises, bubbles, and fraud waves. And overall, the picture looks grim. Accounting data seem to be less and less related to the natural data-generating process…

…on strengthening the competitiveness of all its members. Consumption developments, bubbles in housing markets and the accumulation of external and internal debt in some Member States deepened the impact of…

…were prime examples of housing bubbles. The idea that the NYT’s best economics writer doesn’t is frightening at best. To riff on a phrase from Brad DeLong, Why Can’t We…

…they would have if everyone had rational expectations. Basically it says there are no bubbles even in housing *and* that if there is a housing bubble then mortgage bonds and…

…but these promises are nothing without their ability to command the efforts of others and especially, to command that effort anonymously. Let’s look at bubbles and crashes with that in…

…clear-eyed regulation it requires. The Great Recession, and the many bubbles preceding it, demonstrated what happens when the balloon has no string. It becomes a vanishing promise, last seen drifting…

…took those (supposed) few who saw the bubble a long time to be proven right!” Yves here. Now there are other measures that regulators can use to attack bubbles, since…