Explaining the Recession: Housing and the U.S. Economic Collapse
How did we get to the point of near economic collapse? There is no simple answer to the question. It can’t be broken down into a short sound bite that can be repeated by politicians or pundits on the air. As there is no simple answer, let’s first take a look at the housing market, as we have heard a lot about why this is an important part of the financial crisis.