Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Tuesday, 27 December 2016

Is the US in the throes of another housing bubble?

This graphic tells a grim story:


It would appear the answer is a resounding "yes"! This leads to 2 questions:

1. What happens when the bubble bursts?

2. Can the US central bank do anything to help when it does?

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