A crash will help us to get on the road to recovery. The intervention we are seeing on a daily bases could drag this downturn out for another decade or more.
What is wrong with falling houses prices? Japan tried to stop their housing market from crashing in the early 1990s. How did that turn out?
The reason it is not about the housing prices. It is all to support the underlining derivative contracts that are leveraged up 50:1 using the mortgage as collateral.
What is wrong with falling houses prices? Japan tried to stop their housing market from crashing in the early 1990s. How did that turn out?
The reason it is not about the housing prices. It is all to support the underlining derivative contracts that are leveraged up 50:1 using the mortgage as collateral.