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

Thursday, June 6, 2013

New Housing Bubble under way thanks to Federal Reserve

Congratulations to Ben Bernanke, the Federal Reserve, and Obama Administration! A new housing bubble has been generated by your policies of artifically low interest rates, printing money a/k/a "quantitative easing," deficit spending, "stimulus," etc.--

Miami-Dade home prices up 12.4 percent in the past year - Business - MiamiHerald.com: "In Miami-Dade, prices rose 12.4 percent in April 2013 over April 2012 when distressed sales are included; excluding distressed sales, the increase was 21.6 percent. The month-to-month increase was 4 percent including distressed sales and 5.7 percent without."

How long before this bubble bursts and we have another crash?


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects