Video: Floyd Norris on Foreclosures vs Homes Sold

As we noted over the weekend (Where Foreclosures > # of Homes Sold), Floyd Norris Off the Charts column covered the fascinating question of where  in the country Foreclosures are actually exceeding Home Sales    

Here is the accompanying video :

click for video
Norris_on_foreclosures

 

Source:
A Dysfunctional Credit Market
Floyd Norris
NYT, March 3, 2008,  2:29 pm
http://norris.blogs.nytimes.com/2008/03/03/a-dysfunctional-credit-market/

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  1. JustinTheSkeptic commented on Mar 4

    Next-up! CDS’s…45 trillion worth… Did I mention what Ludwig von Mises said: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

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