Monday, January 26, 2009

Thanks Peter Schiff

I have been beating this drum for year, but now, someone with some real credentials is now saying what I have been saying for so long. Let home prices fall, let the foreclosure process run its course. The run up in housing prices was artificial; it needs to be allowed to correct itself.

So easy, even a software engineer with 6 credits of college economics can do it.

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