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California Housing Bubble 2.0? What Are Your Thoughts?

2,337 views · Published 14 May 2013 · 8:20 · Indexed 23 October 2026

Channel: MoneyBags73 · 2013 · News & Politics

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David Stockman, former director of the Office of Management and Budget under President Ronald Reagan says,  easy money policies by the Federal Reserve are stoking the speculative rise in housing prices.
The Fed is conducting its unlimited quantitative easing policy by purchasing $85 billion worth of assets monthly - $45 billion in U.S. Treasury securities and the remaining $40 billion in mortgage-backed securities.

Those fearful of a new housing bubble, including Stockman, say the Fed's actions are pushing mortgage rates down to record low levels.

Read More Here: http://moneymorning.com/2013/02/04/is-this-a-recovery-or-a-new-housing-bubble/

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