“But there’s no law that says that real estate has to stick to its trend-line...If it can go way over trend, it can also go way under trend. And that’s what I think we’re going to see."
Economic Crossroads of Immense Consequences: Will Governments and Central Bankers Bail Out Bondholders and Banks (again), or the Public at Large? by Mike Shedlock
Why Illegals Find Jobs in America and Black Youth Don't by Robert Wenzel
The Broken Window Fallacy by Chris Mayer at The Daily Reckoning
The Broken Window Fallacy excerpted from Henry Hazlitt's Economics in One Lesson.