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Doom Over: Business Insider Housing Bottom Hath Been Reached!
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[link to www.businessinsider.com]
For one thing, it's always been right. In its early days, when we all started reading it, it was way ahead of the curve in terms of warning about the housing bubble, horrible bank lending practices, and generally the economic collapse. From his perch in Newport Beach, CA he could see first hand the people taking out loans worth 10x their income, filling their Inland Empire garages with Harleys and Boats that they obviously couldn't afford.
"It's all good, no debt, no Eurozone, no unemployment I'm a half wit always bullish baby boomer who 'invented' economics blogging."
Wow! As tragic as this moron's optimism is, I can't stop laughing.
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