Europe’s experiment in borrowing from Peter to pay Peter argues for a slow economic recovery with a low ceiling.
The Great Debate
– James Saft is a Reuters columnist. The opinions expressed are his own –
When prophetic long time bears turn a bit cuddly, it is usually best to take notice. A real estate maven who rejoices in the “nom-de-blog” of Professor Piggington has now, after five years of correctly shouting bubble, labelled San Diego housing prices “reasonable” based on the latest available housing data.