Rantings and tirades of a frustrated economist.
The foreign demand remains firm. So the Arab oil money will buy on the real estate dip. That will end well.
So the Arab oil money will buy on the dip. What could go wrong?
If our "leaders" had any brains, at all, they would eliminate corporate and capital gains taxes and the current mess of tax laws. Then impose 17% tax rate on all personal income (Steve Forbes wrote a book on it). Thus, make the US the tax haven of the world. More investment and business expansion. Jobs out the wazoo.
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