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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (38480)2/5/2013 5:50:07 AM
From: FJB  Read Replies (1) | Respond to of 85487
 
The Second Housing Bubble Ends With A Bang, Not A Whimper, David Stockman WarnsSubmitted by Tyler Durden on 02/04/2013 - 17:31Following our earlier discussion of the echo-boom in housing, David Stockman appeared on Yahoo's Daily Ticker with Lauren Lyster to pour come much-needed cold water 'reality' onto the hopes of an increasingly sheep-like investing public. Homebuilder stocks up 100%-plus simply reflects that "we are in a bubble once again." The former CBO Director added that "in a world of medicated money by the central bank, things aren't what they appear to be," as he explained there is "no real organic sustainable recovery."