News Snapshot:
History has shown that financial crises are often the story of either a housing bust or stock market collapse – or both. Think of the crash of 1929 that started as a Florida-driven housing boom-and-bust cycle and morphed into a stock market collapse that shook the United States and the world. Or consider the 2008 global financial crisis, which started with complex derivatives in subprime mortgages and was rapidly transmitted from bank to bank and market to market as investor panic rose. In 2022, the latest iteration of a damaging housing price collapse is unfolding in China. It will be...
