Wednesday, October 19, 2011

Blame the house prices now for being too low!!!

Gloom Grips Consumers, and It May Be Home Prices

There are good reasons for gloom — incomes have declined, many people cannot find jobs, few trust the government to make things better — but as Federal Reserve chairman, Ben S. Bernanke, noted earlier this year, those problems are not sufficient to explain the depth of the funk. That has led a growing number of economists to argue that the collapse of housing prices, a defining feature of this downturn

Posted by mark @ 10:56 AM (927 views)
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