Global Economic Analysis Blog

One has to laugh at the irony of this. The Fed, by attempting to bail out homeowners, has instead hurt the commercial real estate deals. The residential market is long past saving.

This is just the beginning of the unwinding of attitudes towards both consumption and risk.

One to follow; a good read :-)

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The Global Economic Analysis Blog by David Crossland, except the quotations and unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.

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