When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, April 16, 2013

Reinflating the housing bubble

GHEI: Reinflating the housing bubble - Washington Times: "The main problems with the functioning of the housing market are the extensive intervention by government on the one hand and monetary policy that keeps interest rates at levels extraordinarily low by historical standards on the other. The housing market is further distorted by the existence of Fannie Mae and Freddie Mac, which remain major players, and the Federal Housing Administration (FHA), which generates a third of new loans, well above its pre-bust and even pre-bubble share."

What the heck--the last housing bubble sponsored by the Federal Reserve and Fannie, Freddie, et al, ended so well--let's do it again!


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects