Stock Market Drops. Then It Rallies. What Happens Next for Funding?
Both Sides of the Table
AUGUST 9, 2011
Companies raised too much money in 2005-08 and had high burn rates. I show charts on housing, structural unemployment, home equity re-financings that we spent meaning less spending power post crash, new housing sales, debt-to-income ratios, public-sector job problems that will cause crises in cities and states across the US.
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