That feature is clearly evident when we examine
prior financial bubbles across history.
Not exact matches
Once again, there is minimal demand for autos and housing, and that is partly because the market is still saturated with both of these credit - sensitive big - ticket items after an unprecedented credit and consumer
bubble that went absolutely parabolic in the seven years
prior to the collapse in the
financial markets an asset values.
Famed for studying almost three dozen
bubbles and every bust, in September 2007, a month
prior to the market peak that preceded the Global
Financial Crisis, Grantham noted, profit margins would fall, the housing market would break, and the risk - premium all over the world would widen, «each with severe consequences».
Also, it's good to note that while it was popular just
prior to the
financial crisis, the fact that borrowers sometimes owed more than their homes were worth and that default rates for piggyback loans were high after the housing
bubble burst, nowadays it is more challenging to locate one.
The forecast predicts that transaction peaks in 2017 and 2018 will not be as high as those before the global
financial crisis, as the global economy is not experiencing the same
bubble - like conditions as
prior to 2007.