Lower Home Prices Can Fix What Government Can’t: Caroline Baum

[34f3f3f]

I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

[scaredyclassic]

its never been possible to say w/ real certainty where things are going

[scaredyclassic]

its never been possible to say w/ real certainty where things are going

[scaredyclassic]

its never been possible to say w/ real certainty where things are going

[scaredyclassic]

its never been possible to say w/ real certainty where things are going

[scaredyclassic]

its never been possible to say w/ real certainty where things are going

[Nor-LA-SD-guy]

I don’t know but I can tell you what my Canadian co-worker says,

Prices at peak, prices still going up and economy is back on track.

Don’t know how that will end up for him, but that’s how he feels up there currently.

[Nor-LA-SD-guy]

I don’t know but I can tell you what my Canadian co-worker says,

Prices at peak, prices still going up and economy is back on track.

Don’t know how that will end up for him, but that’s how he feels up there currently.

[Nor-LA-SD-guy]

I don’t know but I can tell you what my Canadian co-worker says,

Prices at peak, prices still going up and economy is back on track.

Don’t know how that will end up for him, but that’s how he feels up there currently.

[Nor-LA-SD-guy]

I don’t know but I can tell you what my Canadian co-worker says,

Prices at peak, prices still going up and economy is back on track.

Don’t know how that will end up for him, but that’s how he feels up there currently.

[Nor-LA-SD-guy]

I don’t know but I can tell you what my Canadian co-worker says,

Prices at peak, prices still going up and economy is back on track.

Don’t know how that will end up for him, but that’s how he feels up there currently.

[Author]

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