Honk if you're paying my mortgage! :: Tim Geithner, What Part Of This Chart Don't You U... - 0 views
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Gary Edwards on 05 Mar 09Tim Geithner and Ben Bernanke are still parroting Wall Street's take on the meltdown--that it's a "liquidity crisis," not a "solvency crisis." The infamous Schiller Chart is a history of Home Values going back to 1890. The Cahrt graphically screams that housing values have to fall another 20% to 30% before they might begin to level out. That is, if the capitalist engine of America's wealth and prosperity is still in existence then.