tag:blogger.com,1999:blog-11719208.post1358689951931119129..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: ECONnedTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-28420820354965067032010-03-15T02:52:40.582-07:002010-03-15T02:52:40.582-07:00What I find a bit unnerving is that many such book...What I find a bit unnerving is that many such books treat the crisis as a thing either of the past and look at "how we got there" or of something we're in the middle of but do not consider that we might not even have seen the worst by far. What about the next big default tsunami, the <a href="http://crisismaven.wordpress.com/2010/01/28/bloom-of-doom-ii-of-mortgage-brokers-arms-attrition-and-marathons/" rel="nofollow">adjustable rate mortgages or ARMs</a>, likely bigger than original sbprime, yet hitting a much more depressed market o boot? What about worthless second lien mortgages still in the books as if they'd ever be paid back? What about the commercial property markets? What about the multifamily houses starting to default? What about the sovereign debt of failing states such as Greece on the books? The last Great Depression, as we're told by the Keynesian pundits, took a war to get out of. A string of more bestsellers to come, I'm sure.CrisisMavenhttp://crisismaven.wordpress.comnoreply@blogger.com