Monday, April 18, 2016
Reinflating A Popped Bubble. Doesn't Work
There is no means to reinflate crashed asset prices without going through the deleveraging process. Trapped buyers are forced sellers at every point above the market.
Despite SEVEN YEARS at 0%, U.S. housing prices still haven't recovered from the last cycle. For several reasons, but mostly because capital is still trapped and mortgages are still underwater, constraining demand and creating shadow supply overhang...
Posted by Mac10 at 5:37 AM