Question
In 2008 we saw increased unemployment which then caused default on high risk loans which caused a collapse in the housing market. Now we have
In 2008 we saw increased unemployment which then caused default on high risk loans which caused a collapse in the housing market. Now we have historic high unemployment yet the housing market is booming. How do you reconcile these differences?
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International Financial Management
Authors: Jeff Madura
11th Edition
0538482966, 9780538482967
