Presto, Collapse-o

Created: Friday, 10 October 2008 Written by Chato
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First you have an economy, now you don't!

Bernanke: "As has been the case for some time,
the housing market continues to be a primary
source of weakness in the real economy as well
as in the financial markets."

Yes, we know what housing bubbles do to everything.
Aussies have just had the Howard/Costello debt binge.
Of course, it is now an economic death-binge.

Those property debt-bubbles are a barrel of laughs.