Monday, December 11, 2006

Washington Post - "An Economic Pillar on the Verge of Collapse" (12-6-06)

"It's been more than a year since we've heard from those who denied there was a housing bubble."

"Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us."

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