Has no one learned from the real estate collapse? Do they have to repeat the mistake? It appears so.
Is this the big one? Is this the end of the long bubble the Fed has been blowing since 2008? Could be.
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Snopes dismissed this whole thing out of hand. They shouldn’t have.
The Chinese “miracle” is coming to an end. The Wall Street Journal is just now recognizing it.
What can go wrong? The Fed and the FDIC and FHA and Fannie Mae are all there ready and willing to help. No problem. None that I can see.
It’s a war out there: a war of perceptions. Reality doesn’t matter. The perception of reality does.
Corruption at the top seeps down into the society below.
Just when Detroit has been written off as for lost forever, entrepreneurs are seeing opportunities there, buying up buildings, renovating them, starting businesses, some with startling success. Isn’t it amazing what happens when government stays out of the way?
Even a cursory perusal of the CBO report reveals a bias to the upside. Reality, it is feared, is likely to change the outlook, perhaps sooner and most certainly more drastically, than the CBO estimates.
The toxic brew of capital appreciation bonds, economic ignorance and political expediency all but guarantee a default on a mammoth scale.