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On the linkage between energy prices and the financial crisis

David Zilberman, professor, agriculture and resource economics | March 7, 2012

In 2007 an acquaintance of mine, a housing developer, told me that he lost his investment in a new development near Tracy, CA (a commuter town about 60 miles outside San Francisco) and further told me that this community, as well as other commuter towns in the Central Valley, suffered incredible high rates of defaults. … Continue reading »