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Loan Modification

: Mortgage Lender Implode-o-Meter

"An Exponential Credit Petri Dish"

By Implode-Explode Heavy Industries

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``It could be argued that neoclassical economics institutionalizes this failing, by using static analysis to consider what is really an exponentially growing system. It therefore doesn't see the problem with "small divergences" like credit growing 2% faster than GDP for a decade or so, when that means that every 36 years, two numbers that should stay within reach of each other diverge by a factor of two.''

Full post as published by Mortgage Lender Implode-o-Meter on January 26, 2011 (boomark / email).

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