April fool housing economics
May. 5th, 2008 by Al 
Stockmarket guru Warren buffet proclaimed that the worst is over for the Wall street crisis.The Berkshire CEO cited that the global credit crunch has eased for bankers and FED may have saved the day by bailing Bear Stearns.
The subprime crisis will probably hit more Americans with personal mortgages and nasty ordeal will be inevitable but in April many Americans including the rest of the world will be glad that the Omaha investor positive analysis may calm the US markets and even bring a stablizing force in the investment communities worldwide.
The ongoing housing crisis is a tale about greed to overextending of credit to borrowers who lack the means to make the payments of the housing loans.In the end, borrowers must pay back to the banks and the high default rate display the weakness of the market that brought forth the real estate foreclosures that spillover worldwide.
There’s no free lunch in free market economics, ultimately someone got to pay and it’s no joke even in April when the fools are borrowers who overstretch themselves.
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