If You Want to Understand Why Europe's Such a Mess, Look at Arizona

Matthew O'Brien
July 27, 2012

Once upon a time, there was a place where there the gold wasn't just in them thar hills. Them thar hills were the gold! And not just the hills, even. All the land was precious as gemstones. Housing prices rocketed up, and so did jobs. But then, inevitably, the boom turned to bust, and the jobs disappeared.

FloridaVsSpain.png
FloridaVsSpain.png

Zombie banks don't eat people. They eat recoveries. Just ask Spain.





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