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LIBORGate vs. InventoryGate

By tr6   2012 Dec 24, 2:50pm   560 views   0 comments   watch (1)   quote      

It's amazing to find out how many people were involved at manipulating LIBOR rates and all of them kept it a secret for years. I don't think it would be that difficult to control real estate inventory either and keep it a secret.

What happened this year with inventory might have been a manipulation. Inventory dropped at a time when it should have been rising. If the banks decided to limit the inventory and gotten top producing brokers (5% of brokers) to do the same, the effect on inventory would have been significant.

BTW, I made a comment about this early in the year when I thought that inventory was acting strange.

OR all of this was a function of interest rates dropping significantly.

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