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News Link • Economy - Economics USA

This Really Is The Everything Bubble: Even Subprime Mortgage Bonds Are Back

•, by John Rubino

All that's missing is subprime mortgages and we'd have every bubble base covered.

Oh wait, those are back too, just under a different name:

Subprime mortgages make a comeback—with a new name and soaring demand

They were blamed for the biggest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they're coming back with a new name — nonprime — and, so far, some new standards.

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