patrick.net

http://www.examplesofglobalization.com/2016/09/great-recession-causes-and-case-shiller.html

This article was first published by me on Talkmarkets: http://www.talkmarkets.com/content/bonds/great-recession-causes-and-case-shiller-as-explained-by-marcus-nunes?post=99707&uid=4798

Before ending with ideas offered by Marcus Nunes, it is helpful to explain Case-Shiller. The leading indicator of the housing crash was the Case-Shiller Home Price Index, abbreviated C-S HPI. It is a 20 city measurement of house prices. The leading indicator of the housing crash was in serious decline prior to the subprime housing crisis of August, 2007. The subprime crash of August was brought into being when the commercial paper market was destroyed, commercial banks were forced to take back loans hidden in SIVs, and subprime loans went away completely...

#housing #economics