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    Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.


    — Mark Zandi

    #broader #bubble #calamity #contrast #creating



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    Did you know about Mark Zandi?

    D. S. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty) which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

    Prior to founding Economy. He attended Upper Merion High School where he earned his diploma.

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