by Summary:
Obama Denies Housing Bubble Reality
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Obama Denies Housing Bubble Reality
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Obama Denies Housing Bubble Reality |
Bad title; implies present tense.
But more importantly, Obama denied illegality, which "Man Who Jailed 1,000 Bankers" Bill Black called BS.
Yup. Housing is NOT liquid, prices are very sticky, and last time I checked you gotta live somewhere…
Treating housing as another capital good is just stupid.