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IPFS News Link • Economy - Economics USA

Ivy Zelman: Stimulus won't work short of "government bulldozing foreclosed houses'

"The economics don't make sense," she says. "There's still a tsunami of expected foreclosures, and that has to abate before there's a recovery." Credit Suisse forecasted in December that, over the next four years, 8.1

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Comment by Powell Gammill
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Destroying foreclosed houses improves economy. How does that work exactly?