Friday, April 17, 2009

An Advice Column From Spengler.

  • In this advice column by Spengler, a reader slash leader from a very populous country asks what else they can do, besides a domestic stimulus, in reviving their economy. Spengler's answer may surprise you. He also provides a simple but true explanation of last year's housing bubble burst: The baby boomers imagined that home prices would keep doubling every 10 years, and that one day, each of them would sell his house to his neighbor and retire. This silly idea contributed to a bubble in home prices.
  • No DVD viewing this Friday night. AKIC is tired and wants to get some sleep.

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