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Global Financial Crisis Management in Three Easy Charts

June 25, 2012

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  1. Anonymous permalink
    June 26, 2012 10:33 am

    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.”


  1. Mike White’s Solution, Small Banks for Non HARP, Amherst on Eminent Domain, Freddie MBS Prices, DB on Case-Shiller, MISH on Housing, Regional Lenders, 7 Challenges, Irrational Exuberance, Freddie Purchases, Mortgage Fraud

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