The Fed Has Successfully Destroyed The U.S. Housing Market

A few days ago a friend of mine sent me a link to some "insight" on the coming economic developments that we should be preparing for in terms of debts and deficits. The company providing this research piece has over a $trillion in assets under management. Since I have a healthy skepticism of anything the financial "services" industry is selling I decided to give it a read. It was very informative, partly due to a complete fundamental ignorance of basic economics, but also because of an obvious contradiction with the author's stated assumptions. As I [...]