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Old January 1st, 2011 #33
Leonard Rouse
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Leonard Rouse
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Quote:
Originally Posted by Peter Schiff
Home Prices Are Still Too High

They would have to decline another 20% just to get back to the historical trend line.
Not "would have to." Two sides to the equation, two solutions. The prices of other assets in the economy could rise with housing staying steady. A real back-door mean reversion, right up the ol' kiester.

Jew Schiff knows the score, but he's careful to shift the discussion to government regulation and away from central bank currency manipulation, even though criticism of the latter is his very claim to fame. 'tis a very canny move. What other purpose can this dude serve than as a kosher false flag for the Fed-critical Tea Party/Ron Paul bunch?

Last edited by Leonard Rouse; January 1st, 2011 at 03:34 PM.