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Loan Modification
: Blown MortgageRoubini: No confidence in government exit strategy
By Morgan
In this Bloomberg segment Dr. Nouriel Roubini shares his thoughts on why pundits proclaiming the stabilization of the housing market are wrong and why the current policy path is unsustainable and likely to have a messy exit. My favorite part? The idea of our debt ballooning from 40% GDP to 80%. Lovely. Can you say bust?
Definitely worth watching:
Full post as published by Blown Mortgage on June 24, 2009 (boomark / email).
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