What Really Led Us Into the Great Recession?
Wall Street has infamously had its share of ugly Octobers, so Alison Southwick and Robert Brokamp chose this month to offer their listeners a special treat: a four-part series on the history of market crashes in the United States.
In this segment of the Motley Fool Answers podcast, guest and former Fool Morgan Housel helps them wrap things up with a post-mortem on the downturn we all think we know best, because it's so recently behind us: the Great Recession. According to Housel, one big factor was that people misunderstood the lessons of the dot-com bubble, and in trying to avoid similar pain, routed us squarely into a totally different bubble.
A full transcript follows the video.
Source: Fool.com
