Industry NewsMarkets & Economy

‘Just let housing go’

Commentary: Taking stock of housing market woes
Published on Sep 10, 2010

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by CareyBot

The Fed's Beige Book said the obvious: "Continued growth ... mid-July through the end of August, but with widespread signs of a deceleration." Not double-dip, not yet. In the absence of fearful dippers buying bonds, the 10-year T-note rose to a one-month high 2.8 percent, although doing no particular damage to mortgage rates, still near 4.5 percent.

A great many people now write about housing, many of the strongest opinions held by people who gained their knowledge by living in a house, and driving past other ones.

The new rage: "Just let housing go." These people do not seem to remember the benefits of letting Lehman go, the simple life without banks and their deposits.

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