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jonerp : estate   2

Is Bitcoin the New Lehman Brothers - by @denispombriant
"On the contrary, they are dark holes into which real dollars are poured. It doesn’t help that exchanges and hedge funds are beginning to trade them and options on them. Recall that in the mid-2000’s exchanges and brokerages began trading in CDO’s, fancy options backed by mortgages that ranged from solid to sub-prime. When the sub-prime market wobbled, CDO’s and the brokerages supporting them became unsteady and Lehman failed bringing down the whole world financial system."
economics  2008  bitcoin  cdo  financial  crash  lehman  brothers  real  estate  sub-prime  mortgage 
december 2017 by jonerp
The New Urban Crisis: Are Tech Startups Destroying Cities?
"Florida’s latest article could be seen as part of a long and ongoing apology. “I got wrong that the creative class could magically restore our cities, become a new middle class like my father’s, and we were going to live happily forever after,” Florida told an audience in Houston in October. “I could not have anticipated among all this urban growth and revival that there was a dark side to the urban creative revolution, a very deep dark side.”
culture  top  stories  real  estate  startups  university  of  toronto  urban  development 
july 2017 by jonerp

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