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Aug
31

Prosecute the fraud, deleverage and get on with figuring out how to redesign the…

Prosecute the fraud, deleverage and get on with figuring out how to redesign the economy to provide without growth.

Or keep going full tilt into the brick wall. 

Remember: with any con game, the key word is confidence, and the US consumers need to regain their confidence. Sadly, as the following very simple chart and accompanying explanation, the answer to the housing question is only one: there will be no housing recovery until much more debt is eliminated. $3.2 trillion to be precise.

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The $3,200,000,000,000 Question: Why Housing Has Much More To Drop Before It Bottoms | ZeroHedge
It is no secret that having failed repeatedly at the trickle down aspect of QE1, QE2, Op Twist 1, Op Twist 2 (and implicitly LTRO 1 and LTRO 2) as it pertains to the man in the street (if not the man …

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