Roger Cohen Missed the Housing Bubble

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Tuesday, 04 September 2012 04:49

Yes, it's hard to those who write for major news outlets to notice an $8 trillion housing bubble. This is the story of the downturn and the current "fiscal woes." It would be nice if Cohen could do a little homework before writing a column like this one. In reality, the U.S. has no fiscal woes right now (the interest rate remains near post-war lows), we just have inadequate demand.