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Print on a single page: Global Financial Crisis Management in Three Charts
June 26, 2012
Michael Olenick: Irrational Exuberance, Housing Edition
“We have to deleverage the middle-class, just as we did the banks in 2008, if we are going to put a long-term floor on the housing market. Until then the cheerleaders may inspire a goal or two, but – especially given that inventories are being artificially depressed – no matter how well they wiggle their tuchas or shake their pom-poms we’re never going to rally to overcome this point deficit.”
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