On Wed, Oct 20, 2010 at 11:12 AM, Brad DeLong <brad.del...@gmail.com> wrote:
> Could we get this troll--Mr. Williams--out of here please? > > Foreclosures are currently running at 3 times their normal rates not > because there has been an outbreak of cheating and dishonesty on the part of > America's borrowers, but because the unemployment rate is not its normal 5% > but is instead 10%, and housing prices are not at the prices that borrowers > and lenders both expected them to be five years ago but are rather 30% > lower. > We could, but we have a high tolerance for argument other than personal attacks... though with the list being so quiet lately, I'm tempted to revise my standards. Hard to know if the quiet was due to trolling or some externality. Nick
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