Sunday, October 11, 2009

American Home Owners Still Leaving In Wonderland.

...well soon they will be living on the sidewalk.

www.nytimes.com/2009/10/11/business/economy/11view.html?ref=business

This type of reporting is sure fire way of getting Shiller a Nobel Prize for Economics. Then maybe he can go ahead with this plan to sell Housing Derivatives to the same nitwit Americans who though flipping houses was as easy as buying Ariba at 300 back in 2000.

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