Shiller - Governments need to back away from trying to "save" the housing market

Submitted by the TREND letter on Fri, 02/26/2010 - 07:53

 Housing expert Robert Shiller talked on CNBC yesterday about the double dip risks to the economy ahead. The bottom line is that governments are not magicians who can solve over-capacity problems with a flick of their fiscal wand; they can elongate the problems, but they cannot "fix" them. I think 2010 will be the year when the world wakes up to this realization.