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The $4.5 Billion Dollar Bank Run
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Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Jun 29 2008 12:00am EDT
Housing Market Paradox of the Day
UK house sales: down 50%, year-on-year. UK house prices: up 1.8%, with London prices up 6.9%. SAR: "Please explain".
Not easy. Call it the upside of seller denial. In a down market, some homes will be sold even if nobody drops their asking price. Mix that in with the weird behavior of averages, and you can probably explain some of this. But I'm not sure if you can explain it all.
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