Friday, April 07, 2006

It's A Menace

A Good Article, with graphs.

"By Dean Baker

An unprecedented run-up in the stock market propelled the U.S. economy in the late nineties and now an unprecedented run-up in house prices is propelling the current recovery. Like the stock bubble, the housing bubble will burst. Eventually, it must. When it does, the economy will be thrown into a severe recession, and tens of millions of homeowners, who never imagined that house prices could fall, will likely face serious hardships."

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1 Comments:

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Monday, April 10, 2006 10:17:00 PM  

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