Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
Monday, November 14, 2011
"All the CRA's Fault", Eh?
That's a chart of housing prices in lotsa countries.
Evidently Australia was following the provisions of the CRA, too?
Granted, CRA added a bit to the fire here--but only a bit.
Ritholtz calls it a "credit bubble," which makes sense.