The Problems in Housing and the Labor Markets Will Not Go Away Soon
February 10, 2012 at 11:23 AM EST
President Obama announced a mortgage plan aimed at giving relief to homeowners that are facing problems with their mortgages. Yet, this is just putting a finger in a hole in the dike. The problem is that after fifty years of governmental credit inflation many homeowners are facing the reality that their homes were grossly over-valued [...]