We’re Forever Blowing Bubbles, Pretty Economic Bubbles in the Sky! And Bankruptcy Bubbles in Arizona, too, I Suppose.
Posted by | Posted on 15-07-2010
There have been a lot of interesting, shiny economic bubbles popping that most of us remember fairly well.
There was the first big real estate bubble that popped when Congress changed the tax laws without warning, which caused real property values all over the United States to drop like a stone, and caused the RTC to come into existence. That was near the time I began practice, and I thanked Congress for creating so much work for me!
And I watched the bubble associated with internet names pop.
And the residential real property bubble in Arizona. Read more…