Mauldin: "Flying Blind At 20x" On The Brink Of Another Housing-Driven Global Crisis
Authored by John Mauldin via MauldinEconomics.com, Excerpted from “A Fly In The Ointment?” Repeating History History never repeats, but sometimes it rhymes. The trigger for our last recession and financial crisis was an excessively leveraged US housing sector. Other factors contributed, but home mortgages and housing speculation were at the core. So it’s easy to assume … Read more