Crazy On Tap - If the housing bubble bursts...

Crazy On Tap - If the housing bubble bursts...: "Look around the 'hood. The less diverse the work base (be it energy in Dubai, IT in Bangalore, manufacture in Tiangin, finance in London), the larger the volatility (and the larger the risk of significant decline).

Just like any other capital portfolio.
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July 18th, 2006 1:04pm
I guess a libertarian would snicker that government is the only exception to the above rule - DC's market keeps rising because the government industry is artificially insulated from boom/bust cycles."