3 ms·
"But this time, it's different..."
by rossdavidh 5y ago
"But this time, it's different..."
- vmception 5y agoI mean banking leverage is lower, accounting on collateralized debt is better, consumer/speculator leverage is limited while lending requirements are still mostly higher… Those aspects are different than 2008. The global market is still exposed to other forms of over-leveraged contagion (aka incestuous ownership), but just saying “US housing prices are higher than an over exuberant peak 13 years ago so therefore its a problem without really considering other supporting or negating factors” is pretty uncritical.
- harambae 5y ago>consumer/speculator leverage is limited What are your thoughts on the direction this graph is headed? https://fred.stlouisfed.org/series/BOGZ1FL663067003Q https://fred.stlouisfed.org/series/BOGZ1FL663067003Q