October 2008

References for the Economic Crisis

October 20, 2008

This is an article from the New York Times about the property bubble in Japan in the late 1980’s, written back in 2005 when the US real estate boom was probably at its peak: JAPAN suffered one of the biggest property market collapses in modern history. At the market’s peak in 1991, all the land […]

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The Economic Crisis

October 19, 2008

These are uncertain economic times. Worldwide, governments are trying to prevent another depression. Yet, just a year ago, the stock markets had hit record highs and everything was looking great. That is why it is called a bubble — when it bursts, there is no gradual decrease. It just goes pop! Warren Buffet says, “A […]

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