never ending depression- steve keen , page-28

Jennie,

The govt can only articficially stimulate the economy for so long.

Otherwise we would live in perpetual bliss if money printing and stimulus were the norm.

The conditions that lead to the housing boom will never be repeated.

Liar loans ,low doc loans and the like.

It will be interesting to see what happens in a few weeks time when the FHBG is finished.

I think this weekends record amount of auctions in Sydney will give us some clues as to where property is headed.