One of the most abused words in financial discourse is the word “bubble.” The problem is that the term “bubble” has been used as a stand-in for the word “overvalued.” We see people pointing to bubbles in residential real estate right now, and by all measures housing is about as unaffordable as it has ever been.
Did we have a bubble in sovereign debt?
Did we have a bubble in sovereign debt?
Did we have a bubble in sovereign debt?
One of the most abused words in financial discourse is the word “bubble.” The problem is that the term “bubble” has been used as a stand-in for the word “overvalued.” We see people pointing to bubbles in residential real estate right now, and by all measures housing is about as unaffordable as it has ever been.