CA renter wrote:Leorocky – Piggington's Econo-Almanac

January 16, 2015 at 2:18 PM #782069

Participant

[quote=CA renter][quote=Leorocky]overvalued /= bubble[/quote]

speculation + leverage = bubble[/quote]There were a lot of speculation in 2009-2011 in housing and no other market can you leverage like housing. Yet, it wasn’t a bubble then.