Hardly a bug whoop to me, but Wall Street will take what encouragement it can get these days. We have a housing market sustained by a paltry $8,000 give-away and cheap interest rates subsidized by the government, plus no-deposit loans, again. I suspect that this is not a sustainable business model but who can remember all the way back to 2008? It’s party hearty time – grab that performance bonus and wait for the government to bail out the mess again. The music never stops in New America.
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