From the New York Times Financial deregulation in the 1980s fed a frenzy of real estate lending by Sweden’s banks, which did not worry enough about whether the value of their collateral might evaporate in tougher times. Property prices imploded. The bubble deflated fast in 1991 and 1992. A vain effort to defend Sweden’s currency, [...]
A weblog of faith, culture, & technology
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This is a weblog about faith, culture, & technology published by Jordon Cooper since 2001. You can read about me and the site here. If you've got questions, concerns, or an interesting link for me, let me knowFollow along via RSS
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