Tuesday, October 12, 2010

Gimme back my housing bubble!

Compared to this, the housing bubble will be seen as a productive and efficient allocation of resources.  At least the housing bubble left a huge stock of poorly/hastily built houses that may someday be used as actual homes (except, unfortunately, for the ones built with toxic Chinese drywall).  But this gold thing isn't doing anybody any good...

Uh, Oh! The Rich Are Buying Gold Again

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