Finance Geek

“Out of the river there came up seven cows, sleek and fat, and they grazed among the reeds. After them, seven other cows, ugly and gaunt, came up out of the Nile…. And the cows that were ugly and gaunt ate up the seven sleek, fat cows.” - Genesis 41
This is of course Pharaoh’s famous troubling dream, which Joseph correctly interpreted as meaning there would be seven good years followed by seven bad years -a dream highly relevant to 21st century housing finance.
The fat years of the housing bubble lasted from 1999 to 2006 - seven years. The bubble was deflating by the…

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This entry was posted on Tuesday, February 14th, 2012 at 1:59 pm and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.