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>> BANK OF AMERICA Latest News

MAY 04, 2013 - Zero Hedge

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Las Vegas Housing: 8% Of Single Family Homes Vacant, Yet New Construction Permits Up 50%

Submitted by Michael Krieger of Liberty Blitzkrieg blog, If there is any market that demonstrates the complete and total misallocation of capital that results from Banana Ben Bernanke’s money printing and artificially low interest rate policy, it the latest phony American housing bubble. With a record numbers of citizens on the food stamp electronic breadline, with unemployment stubbornly high no matter what data you use, billionaire financial oligarchs are running around bidding up “homes for rent” and pricing out the random average person that actually has the capacity or desire to ... Read More

Tags: Las Vegas Housing: 8% Of Single Family Homes Vacant, Yet New Construction Permits Up 50%,  Bank Of America Latest News