NEWS + ANALYSIS
JERRY L. JORDAN

NEWS + ANALYSIS

CREATING A HOUSING BUBBLE IS LIKE BAKING A CAKE

March 22, 2016 | by Jerry L. Jordan

Hindsight is 20/20, the saying goes. It’s much easier to see what went wrong after events have played out and we’re able to scrutinize the facts. This is one reason last year’s film The Big Short was such a critical favorite, nominated for five Academy Awards among an array of other accolades. It explained the dynamics of economic boom and bust in housing markets, which seemed like a stable and growing invesment to most people in the financial sector until hedge fund manager Dr. Michael Burry, portrayed by Christian Bale, looked past the conventional wisdom to find the market’s crumbling foundation and made an enormous bet against it.

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BOOM, BUST, REPEAT

April 24, 2015 | by Jerry L. Jordan

In a monetary regime of sound money — as opposed to our present discretionary fiat monetary arrangements — the boom and bust of the U.S. housing industry during 2002-09 could not have happened. The damage done to the national economy by the bursting housing bubble can be understood only in the context of the government’s role in fostering that bubble.

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