Tag: bubble

US Home Prices Are Higher Than When the Financial Crisis Started. Here’s Why This Isn’t Worrying.

 

The 10-year anniversary events of the 2007–2009 Global Financial Crisis keep on coming. And this one is a biggie: It was a decade ago tomorrow, August 9, that investment bank BNP Paribas froze two of its funds because it could not value them, blaming “complete evaporation of liquidity” in the subprime mortgage market.

And in a new report, the firm Capital Economics notes that there are a few similarities between now and then: