Beware ‘the Mother of all Credit Bubbles’

Mortgage debt fueled the last bubble. Corporate debt is fueling this one

Washington Post
Jun 12, 2018 · 10 min read

By Steven Pearlstein

Let’s recall those heady days of 2006 when home prices were rising 10, 15, even 20 percent a year, allowing millions of homeowners to refinance mortgages and collectively take out more than $300 billion in cash from the…

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The Washington Post

News and analysis from around the world. Founded in 1877.