I will give her the benefit of the doubt as to her intentions, but I agree with garysears that a 90% nominal decline in home prices is “doomer fantasy.”
The Fed created a trillion and a half dollars out of nothing, on top of tax rebates and all the rest, in order to halt the housing decline. They only stopped because housing stabilized to some degree. Are we really to believe that these same people are going to sit back and let a 90% price decline play out?
There may be lags, but the printing press always wins. There’s no way these guys will let that (or anything close to it) happen.
