New York Talking Heads Losing It

Looking at the NY Times complain about home prices declining is such a joke. Let's look at the ridiculous arguments, and the "Crimes of the Times". First of all, the financial system is coming down soon, or else they will hyperinflate out, and the whole price structure will deteriorate rapidly. But let's take a looksie:

Drop Foreseen in Median Price of U.S. Homes (What not enough people enslaved and suffering?)

Economists say the decline, which could be foreshadowed in a widely followed government price index to be released this week, will probably be modest — from 1 percent to 2 percent — but could continue in 2008 and 2009. Rather than being limited to the once-booming Northeast and California, price declines are also occurring in cities like Chicago, Minneapolis and Houston, where the increases of the last decade were modest by comparison.
(That means they are urging the Fed Res to hyperinflate as soon as possible).

If you want the rest of the drivel, it is here at: Really Long Link