"The last financial crisis occurred in part because unregulated lending in the mortgage market got out of hand. Believe it or not, it’s starting to happen again, and could ultimately precipitate another disaster unless regulators get their act together."
Regular NN reader Keith Richmond and I have been tracking a number of important stories on the economy. Neither of us are buying all the happy talk about the economy. In their hearts, most economists know that we are DUE for a downturn right about now -- and there are MANY indicators of conditions that resemble what was occurring right before the great recession. Not enough was done after the last recession to prevent future bubbles and abuses. -- Nuggetsman
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