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Economics

When It All Goes Wrong

A business model fragile by construction, and prices nobody corrects

Bagehot · Minsky · Shiller · 3 chapters · 12 min read

A business model fragile by construction, and prices nobody corrects.

Free to read: every chapter below is open

Finance

  1. 01Fragile by ConstructionOn a business model that is fragile by construction, and always has been.
  2. 02Prices Nobody CorrectsOn prices that cannot be justified, and why nobody corrects them.
  3. 03The Model Had Never Seen ItOn a model that had never seen a national house price fall.