There was an interesting article in last week's Forbes magazine on Hedge Funds. We've all seen this explosion in hedge fund activity, as day after day, more and more friends leave to take jobs with "new" or "small" hedge funds in and around New York.
Similarly, many people argue that the real estate market is in the midst of an extended bubble. This article from Washington Monthly in April discusses the potential ramifications of over-leveraging home assets and the impact of fixed vs. adjustable rate mortgages moving forward on the alleged housing boom.
The questions I have are as follows. Are we looking at the next bubble(s) to burst, and if so, which goes first and how do they impact the economy overall?
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