Snip!:
To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.
Why, Oh Why, Are We Doing This Again?
http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html
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