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April 06, 2010

Bubble markets: The secret to Texas' success

Negative equity, regardless of loan type, is a significant driver of defaults, particularly in the presence of high unemployment rates. Combine Texas' low unemployment rate with the absence of a bubble and you end up with a low default..

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B.o.m.b.s

Frankfurt concludes his book by discussing the rise of bullshit.[16] He does not argue that there is more bullshit in society now[when?] tha...