Thursday, December 08, 2005

Housing Boom Bombs, Up to 800,000 May Lose Jobs, Homes, Everything

By Elaine Meinel Supkis

I have been very busy running around, getting everyone ready for this deadly winter, trying to help everyone deal with the high cost of energy, didn't post about this nice story. Well, the obvious is going to obviously happen: our Japanese-sponsored property bubble is popping! Japan's economy took off, our will now deflate. They successfully transfered a mountain of bad Japanese property loans to us! Now we get to have a depression/inflation thanks to high fuel costs denominated in dollars, not yen.

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