03.08.2011 - The next leg of the housing bear market has begun
The Fed’s monetary stimulus efforts of the last three years have done nothing to help what is arguably the biggest symptom of long-term deflation, namely the housing market. It’s important to recall that the final “hard down” portion of the 60-year cycle of inflation/deflation began with a collapse of real estate prices. The real estate bear market has been the chief evidence of deflation in the U.S. since the housing market prior to the crash represented the biggest form of savings for most Americans..............................................Full Article: Source
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