Thanks for carrying the story to Business Insider, Econintersect.
Print on a single page: Global Financial Crisis Management in Three Charts
A summary of stories on financial crisis management.
Thanks for carrying the story to Business Insider, Econintersect.
Print on a single page: Global Financial Crisis Management in Three Charts
A summary of stories on financial crisis management.
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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.”