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Farmers Hit the Jackpot in Kansas Oil BoomThe website Speculative Bubble has posted a short animated film that illustrates the size of the current housing bubble. The creator of the film used Yale economist Robert Shiller's famous chart of housing prices over the last 115 years and converted it into a roller coaster ride.
It's only three or four minutes long, and the really fun part comes at the end, when you get a visceral sense of where housing prices stand. Take a look:
It's only three or four minutes long, and the really fun part comes at the end, when you get a visceral sense of where housing prices stand. Take a look:
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