Why the U.S. housing market will keep falling – Globe and Mail

Economic CrashFrom Globe and Mail; Ian McGugan

The Man Who Called the Last Two Bubbles doesn’t blur his opinions. He believes the United States is stuck in a period of plodding growth that will end only with either a massive stimulus program or a 20-per-cent to 30-per-cent decline in the value of the greenback.

“I don’t see either happening in the short term,” says Dean Baker, a member of that rare breed – the one-handed economist. As co-director of the Center for Economic and Policy Research in Washington, he has spent years delivering fearless pronouncements on where the economy is headed next.

Read the rest here.


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