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Tag: Burst

Housing Bubble Burst

Pop! Housing Bubble Burst is Real, and Consequential

Economist and N.Y. Times columnist Paul Krugman writes that the downturn in the housing market is “a recipe for a major bust, not a soft landing,” and that it will likely drag the entire economy down with it. As evidence, check out this Cincinnati Enquirer article about consumers tightening their belts in the face of the housing slump and high gas prices.

Posted on Aug 28, 2006 READ MORE


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