People are desperate for an explanation of the economy that actually makes sense. They're not getting it from the experts. My talks with "Norm" are a composite of recent conversations I've had with friends, family and neighbors about what's going on with the economy. This first installment deals with the concept of speculation and the long "speculative bubble" that led to the current crisis.
Norm: Isn't this crash in stocks and housing prices just psychological? If people stopped selling and started...
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