idunno about all that. but I see the market doing its job.
Does any of this matter to me if I'm not buying or selling my house, and I don't live on a coast?
Methinks no.
The market didn't cause mortgage rates to plummet and make the financing of enormous sums possible on nearly stagnant take home pay. We'll see if history assigns the blame for the bubble to Greenspan, or blame for the crash on Bernanke.