Greed is the excessive desire to acquire or possess more than one needs and deserves.
The cycle of greed is the term used to describe the rise and fall of economic standings due to a desire for something more when things get cheap and are en-mass, which was usually caused by the last fall in economy, making it a repeating cycle. This two part article here defines it http://financialphilosopher.typepad.com/thefinancialphilosopher/200...
The current fall in the economy stems from new homeowners and banks, where people taking huge loans from banks to buy houses, then being unable to pay them off in the allotted time, their house is foreclosed and the bank loses a large sum of money. As this begins to happen more and more, the total value of houses begin to drop, as the foreclosed houses are sold at very low prices.
This causes more repercussions and has led us to the state we are in today.
What can we do to end this recession? and if so, how can we stop this cycle from repeating itself?