The Science of Economic Bubbles and Busts: Scientific American
The Science of Economic Bubbles and Busts: Scientific American writes:
"# The worldwide financial meltdown has caused a new examination of why markets sometimes become overheated and then come crashing down. # The dot-com blowup and the subsequent housing and credit crises highlight how psychological quirks sometimes trump rationality in investment decision making. Understanding these behaviors elucidates the genesis of booms and busts. # New models of market dynamics try to protect against financial blowups by mirroring more accurately how markets work. Meanwhile more intelligent regulation may gently steer the home buyer or the retirement saver away from bad decisions."
Labels: finance
You are right , policy makers has not regulated the way the funds lended to buy the house . I am disagreement with your views that whole world is impacted , India is not affected by this as the regualtions are set right over here . There is no defaults in payment only change I see is the overheated housing sector is cooled a bit and rates are more affordable than earlier.
Posted by
NIRMAL JAIN |
1:12 PM