Monday, November 23, 2009

Existing home sales up the most in 2 1/2 years!



But, as usual, Warren Mosler summed it up best in his comment below:

"Wonderful, we contrive policy to drive up unemployment and foreclose vast numbers of people out of their homes at firesale prices so others can move in with subsidized down payments to buy them."

All because our policymakers don't understand our monetary system.

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