Bubble, Krubble, Toil And Trouble

clipped from pajamasmedia.com SO DID WE GET THE HOUSING BUBBLE BECAUSE BERNANKE LISTENED TO THIS IN 2002 FROM PAUL KRUGMAN? To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Well, we got the housing bubble, anyway.