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Housing starts: How low can they go?
At what point do home builders start jumping out the windows of their unsold condos?
Andrew Leonard [2007-10-17]

  • Yes, it's true

    The housing bust could easily lead to a recession, business cycles do happen (although you can usually pinpoint what caused the business cycle to change), and a recession isn't the end of the world.

    I also think that if the government stopped jacking around with the economy on a routine basis, it would be better for everybody and the subprime meltdown was not caused by governmental fiscal policy but rather by some company's willingness to engage in fraud (deceptive advertising) which should be punished by both bankruptcy and criminal charges.

    And, yes, I hope that a recession will evict the lemming like fascists that have been running the country since 2000 (yes, I know they lost the '06 elections but they didn't become a minority so much as a not quite majority).

    -- Jeffrey P. Harrison
    [Read Jeffrey P. Harrison's other letters]
    Wednesday, October 17, 2007 08:23 AM
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