The Best Article I Have Ever Read

The Root, The Mother Branch? (Draft) (edit/delete)

The Southern California housing market still shows significant signs of distress. It is rather obvious that the Federal Reserve is going to do everything it can to weaken the dollar and try to strong-arm interest rates until they scream uncle. During this same historic week that we are now in zero interest rate policy Ben Bernanke helicopter (ZIRP) world, another milestone occurred in Southern California. The median price for an area with more than 20 million people has now breached the $300,000 mark. This is significant because the peak of $505,000 was reached only last summer.

(You may click the above chart to enlarge it.)

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DHB wrote the best article I have ever read recently in 6 months.

I post the link to the article in other topics many times.

Even I am not satisfied with DHB's right diagnosis without a feasible solution, I spend so much time to write a comment on it in the above title. But unfortunately I lost my content when I tried to upload it and AR computer ate it so that I lost my patience to do it again and placed it in my "Draft".

If you would like to understand the current economic development much better than Ben Bernanke or Hank Paulson, I would like to recommend the article to you.

If you understand what DHB said, and read what Jude Wanniski reckoned those wrongful events in the history in his book "The way the world works," I believe you would see what the GWB's boys did and went wrong, to discern the future trend and benefit yourself from this man-made "recession" as those errors Presidents Hoover and Roosevelt made in creating the historical "great depression" in 1930'.

Mind you "Be patient it is a long article." If you are unable to have a peace of mind, don't click the web-link.