Presto, Collapse-o

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.

.oOo.