patrick.net

http://mfi-miami.com/2013/10/u-s-faces-another-housing-crash-because-of-the-government-shutdown/

I spent my entire academic career studying the Great Depression. The depression may have started because of a stock market crash, but what hit the general economy was a disruption of credit. Average citizens unable to borrow money, to do anything. To buy a home, start a business, stock their shelves. Credit has the ability to build a modern economy, but lack of credit has the ability to destroy it, swiftly and absolutely.

#housing