OK, I've spent the past month trying to find articles that explain what's going on to the world financial markets.
The following link is the best I've found, by a long shot, at talking about just what happened to all of the money that was going to mortgages and the increase in housing prices.
This link is for a radio show-- the segment is about an hour long (59 min).
I would suggest making time to hear in start to finish-- I got distracted a few times, and had to back up-- there is so much info in here, that you don't want to miss the examples. Great explanations that make things easy to understand, even if you're not familiar w/investing in the markets or buying real estate.
And get this-- just the reasons, no blame, no politix, no conspiracies.
Here's the link:
This American Life
There is a second show, that aired today (Sunday) that is as good-- and builds on the show above. But it's not avail for online listening yet. I'll post a link as soon as it's avail.
I realize that listening to this will come as a shock to some here- to others, it will only confirm what they know already.
But to all of us, it draws a compelling, and I believe accurate, image of how we got to where we are right now.
And I think it's vitally important that all of us understand that, so we can make plans for how we're going to move forward.
Thanks,
-Russ H.
The following link is the best I've found, by a long shot, at talking about just what happened to all of the money that was going to mortgages and the increase in housing prices.
This link is for a radio show-- the segment is about an hour long (59 min).
I would suggest making time to hear in start to finish-- I got distracted a few times, and had to back up-- there is so much info in here, that you don't want to miss the examples. Great explanations that make things easy to understand, even if you're not familiar w/investing in the markets or buying real estate.
And get this-- just the reasons, no blame, no politix, no conspiracies.
Here's the link:
This American Life
There is a second show, that aired today (Sunday) that is as good-- and builds on the show above. But it's not avail for online listening yet. I'll post a link as soon as it's avail.
I realize that listening to this will come as a shock to some here- to others, it will only confirm what they know already.
But to all of us, it draws a compelling, and I believe accurate, image of how we got to where we are right now.
And I think it's vitally important that all of us understand that, so we can make plans for how we're going to move forward.
Thanks,
-Russ H.
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