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Pumping money to banks can most likely mean more or less just one thing. Long time real estate inflation. Only thing they want to "stabilise" are the high housing prices. This is lunacy. High land values can only be achieved by creating true wealth in production of goods and services. For a short term speculator and landlord gain they are creating both shrinking real wealth and shrinking asset values. Oligarch economy with slums that lives from rents and speculation.
by kjr63 on Mon Jul 6th, 2009 at 04:33:28 AM EST
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You should look at the comments to Willem Buiter's Quantitative easing, credit easing and enhanced credit support aren't working; here's why. (July 3, 2009). I hate it every time I see someone saying that all we need is to reinflate housing prices.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jul 6th, 2009 at 04:38:10 AM EST
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