1:00:00
The Ascent of Money
- Safe As Houses
Season 1
,
Episode 5
With bricks and mortar the favourite form of investment across the English-speaking world, Niall Ferguson examines the role of the property-owning masses in the global economy. He explores how the sub-prime mortgage crisis that began in 2007 heralded the current downturn, when for the first time in years the price of property began to fall and lenders realised their security was a house of cards.