If you're keeping score at home, we've now seen the entire Manias, Panics and Crashes book played out, over the three years of HousingPANIC.
It's truly stunning. We had the book that told us exactly what was going to happen.
Now I just want to see how this ends.
"The final phase is a self-feeding panic, where the bubble bursts. People of wealth and credit scramble to unload whatever they have bought at greater and greater losses, and cash becomes king"
-Manias, Panics and Crashes, the HousingPANIC bible