Well, I guess it’s just a show of how dependent our economy has become on “non-bank financing” that analysts are finally starting to draw solid historical parallels to classic bank runs, which are a very well studied form of our current market’s liquidity crisis. This article in the Financial Times sums it up far better than I can in the short time I have to write this column.
The next column will have another installment of the Real Estate buyer’s guide ratings that I like to publish, but have been slacking on. Best of luck, and as always, may you remain solvent longer than the market remains irrational!
