CIAO DATE: 07/2008
June 2008
The housing market crash is far from over, says Lawrence B. Lindsey, and its ending is hard to predict because so many of its features are unique. A dose of modesty about what is ahead is called for in this situation. Lindsey sketches what parts of the solution may look like and says that policymakers need to remain flexible about actions that may be needed to augment the normal functioning of the market.
Resource link: It's Only Going to Get Worse