Shiller: "Historic Housing Bust"
Shiller warns about the extent of the Housing collapse:
Tuesday, February 05, 2008 | 04:00 AM | Permalink
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Schiller, right on the spot on housing, but still a Keynsian when it comes to consumer spending as a driver of the economy. Yes people will stop spending -- the more the marrier. Less consumption means more savings and investment which, if any can cuchin the comming collaps of the american economy.
Posted by: Daniel Halvarsson | Feb 5, 2008 5:27:00 AM
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