What caused the housing bubble in the United States several years ago? And could the situation have been predicted in advance? Dr. Vernon Smith of the Economics Department at Chapman University, and winner of the Nobel Prize for Economics in 2002, discusses experimental economics and how it can be used to predict housing markets and other important aspects of the economy.

 

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at [email protected]