THE ENTIRE NOTION THAT "EVERYTHING" RELIES ON "RESTORING HOUSING PRICES"...IS JUST NUTS....
THE MORE MONEY THE FED THROWS AT THE OLD HOUSE BUBBLE THE LONGER THE DEPRESSION WILL LAST...
VERY LIKELY THE NEWLY PRINTED MONEY WILL SLOSH INTO COMMODITIES...AND NOT BACK INTO THE OLD ZOMBIE HOUSE MARKET...
AND EVEN IF RETAIL BORROWERS COULD GET MORTGAGES...THE NOTION THAT "IT ALWAYS GOES UP" IS NOW ONLY AN ICON IN THE DYING ZOMBIE --"CULT OF THE NEVER ENDING BUBBLE...."
THE FED AND BERNANKE ARE STILL ACTING AS HIGH PRIESTS IN THE OLD "CULT OF THE NEVER ENDING BUBBLE..."
BUT, ALAS...ONLY THE OLD ZOMBIES ON TOUT TV ARE WORSHIPING THIS HERETICAL DOGMA NOW...
