At Cafe Americain, Jesse asks, "What is at the heart of the US financial crisis?"
He then goes on to compare it all to a huge Ponzi scheme.
It has been looking more and more like that for a while. Even the attempt to blame everything on labor, the unions, seems to be an attempt to deflect blame for what they think will happen.
The concerted efforts to put blame, fault, on anyone but the heads of this outsized Ponzi scheme does not bode well for our collective futures. Please go to:
http://jessescrossroadscafe.blogspot.com/
To read the rest of this.
Real Estate Newsletter Articles this Week: "Home Prices Continue to Cool"
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At the Calculated Risk Real Estate Newsletter this week:
[image: New vs existing Inventory]*Click on graph for larger image.*
• Part 1: Current State of th...
8 hours ago
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