Doesn’t anyone see that if “financial services” accounts for 40% of our GDP that it means we are kidding ourselves? THAT only means we are trading from the left pocket into the right pocket into the back pocket and around again — and counting it as GDP. Our real GDP is far lower than anything […]

Tags: bubble, building, consumer confidence, evidence, financial services, housing, housing market, jobs, Leonhardt, Ny Times, presumptions
Posted in bubble, Corruption, Eviction, securities fraud |