... about,145surging, 1 32 134unprecedented climb in, 21 up in every year since 1966, 27 28 Households, 20 9 21 1Houses, as asset, 1 32 Housing activity, 126 – 127 , 140, 22 0Housing bubble, 123 –137,140–1 42, 185Housing ... 10–11economic orthodoxy on the eve of, 161–176essential elements of, 149–151global policy risks in the aftermath of, 20 5 21 5response to, 1 2 roots of, 20 7seeds of, 5 of 20 09, 104–105Bernanke ... toward,79AssetsAsian, 95–96, 99–100, 181–1 82 of banks, 34, 181–1 82 houses as, 1 32 prices, 20 , 23 , 41, 60, 117, 123 risky, 48, 90–183Attitudes toward risk, 32, 41, 1 42, 20 8 20 9Austerity, global retrenchment...