End result of a wicked cycle of loaning with fake money, building with fake money, buying with fake money and the end result is a surplus of houses that nobody can sell.
Friday, June 27, 2008
Latest Case-Shiller
Home price index. Losses now in all 20 MSAs.
End result of a wicked cycle of loaning with fake money, building with fake money, buying with fake money and the end result is a surplus of houses that nobody can sell.
End result of a wicked cycle of loaning with fake money, building with fake money, buying with fake money and the end result is a surplus of houses that nobody can sell.
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