Dotcom bubble dissapeared quickly, now he have empty, unsold, deteriorating new homes

Discussion in 'Economics' started by crgarcia, Sep 15, 2008.

  1. Dotcom bubble dissapeared as quickly as a computer screen may refresh quotes.

    We have plenty of unsold homes, and it's difficult to apply the Keynesian "creative destruction" principle in a politically correct way.
  2. Exactly. And Paulson thinks FNM and FRE should be saved to crank out even more mortgages.
    BTW "creative destruction" is not Keynesian, it's Schumpeter's.