Wednesday, April 05, 2006 

Firstrung: Is the US housing bubble close to collapse? The US economy is struggling under the weight of its massive twin deficits. The housing bubble is on the verge of collapse, just at the point when its heavily-indebted consumers are spending more than they earn for the first time since the Depression era. But how did it get into this state? It's time to take the opportunity to remind ourselves of just how big a mess ex-Federal Reserve Chairman Alan Greenspan has left behind for Ben Bernanke...
posted by Johnny  @ 12:44 PM 0 comments

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