Was this the last Hydroshock post? Is bad economic news now verboten on FR?
Could be why the latest consumer confidence survey was not posted here either. Scratch head.
The end of ridiculously inflated house prices fueled by gimmick loans designed to generate high yield debt that would later be sold to naive investors is not "bad" news IMHO.
That is good news for America's future.
Did we really want an America where our kids could never hope to afford a decent house at a sane price even if they had good jobs?