Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --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.
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