Friday, September 18, 2009

Moody's bearish on housing recovery

Analysts say it will take more than 10 years to recapture peak home prices

Voltron says: Of course Moody's is wrong about this, like they are always wrong about everything. I expect that the government will try to paper it over with inflation; however, it's interesting that Moody's is admitting that there is a problem looming. Of course they probably won't change the rosy forecasts they use to rate mortgage pools.

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