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Global Financial Crisis Management in Three Easy Charts

June 25, 2012

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

    June 26, 2012
    Michael Olenick: Irrational Exuberance, Housing Edition

    http://www.nakedcapitalism.com/2012/06/michael-olenick-irrational-exuberance-housing-edition.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29

    “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.”

Trackbacks

  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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