VIDEO: Covid-19 may be a public health crisis, but has had real impacts on the economy. MIT’s Andrew Lo discusses what’s happened and why history suggests a financial boom may be in the future.
Economist Antoinette Schoar and colleagues found that middle-class homebuyers had more to do with 2008’s real estate crash than the less-wealthy consumers usually blamed for it.
Economists tracking changes post-recession say safeguards should reduce the vast vulnerabilities seen 10 years ago. But putting out fires may be harder.
