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Median Wages Americans

Earth to Fed: You Can't Lose 40% of Something You Don't Have

Martin Luz | Posted 08.21.2012 | Business
Martin Luz

There never was any real housing "boom" and no increase in actual housing "wealth" -- merely a credit boom courtesy of the Magical Mystical Wall Street Securitization Machine -- a deliberate ploy to disguise the fact that people were earning less and could afford to spend less.