Saturday, August 2, 2014

Ponzi Debt: Are rising house prices and low-cost Ponzi debt necessary for an economic recovery?

Everyone is focused on making house prices go up. Banks need higher house prices to recover the capital they put into trillions of dollars of toxic mortgages. Loan owners need house prices to go up to avoid damaged credit from a short sale or foreclosure. Home owners want to see house prices go...
Are rising house prices and low-cost Ponzi debt necessary for an economic recovery?




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