The Robbo Report

The Street: The other day, my buddy and I were talking about the housing crisis and “the great unwind.” Everyone from Jim Cramer to Bill Gross believes markets cannot turn around until we find the bottom in housing. We are all so nervous about asset deflation that nobody wants to own anything. The housing market, in particular, is in paralysis. Policymakers have the seemingly competing aims of “protecting the homeowner” and “getting the securitization market functioning again.”

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