has bernanke saved the world economy?, page-37

ELM this charts the best I have seen so far it shows relentless pressure on US home prices that wont abate for at least 2 years

The sum on this is bigger and more destructive than sub prime, consumption economics with the US the engine room to the world means that they being crushed will crush the exporters who in turn will stop buying commodities off us.

Bernanke is one of the great fools of economic history