Breaking Down the Financial Breakdown
http://art.fdlive.com/articles/39589/1/Breaking-Down-the-Financial-Breakdown/Page1.html
Bill Byrnes
Bill Byrnes is co-founder of MUTUALdecision, a website providing mutual fund data, and the author of the MUTUALdecision Blog. He's been an investment banker with Alex. Brown & Sons and a Finance Professor at Georgetown University. He's been CEO, chairman and served on the board of directors of several public and private companies. He holds MBA and JD degrees and is a Chartered Financial Analyst with over 30 years experience in the investment industry. By Bill Byrnes
Published on 04/24/2008
The housing market was headed for a correction regardless of the events taking place in the subprime market. New home starts were running at twice the historical average during 2003-2006.