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Skewed Wealth Distribution and the Roots of the Economic Crisis

By Implode-Explode Heavy Industries

"What I do know is that while ?social psychology? may have had some small role as a causal factor in the Crash of ?08, it was the actual structure of the American and world economies which brought on the crisis. And if in fact we enter a second round of this Crash, it will not stem from what Dr. Shiller calls a ?weakness and vulnerability of confidence,? but will result from the same structural elements of our economy as those that brought on the ?first dip.?"

Full post as published by Mortgage Lender Implode-o-Meter on May 31, 2010 (boomark / email).