Housing Prices' Effect on Consumer Spending [View article]
what is not discussed is the psychological effect,"my house is worth a lot more today, I am richer, therefore, I can spend a lot." No reason to save a penny, when your house is the piggy bank, constatly appreciating.
Why the New York Times Won't Cease Printing [View article]
Anyone who does not believe that NYT could stop printing probably also believed that keeping money with Bernie Madoff was a sure thing. Sometimes, the might fall!
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Why the New York Times Won't Cease Printing [View article]