The Federal Reserve has been maintaining the housing bubble to keep the economy going, writes Paul Krugman. Once it bursts, however, there won't be anything to replace it with.
"Although the housing boom has lasted longer than anyone could have imagined, the economy would still be in big trouble if it came to an end. That is, if the hectic pace of home construction were to cool, and consumers were to stop borrowing against their houses, the economy would slow down sharply. If housing prices actually started falling, we'd be looking at a very nasty scene, in which both construction and consumer spending would plunge, pushing the economy right back into recession.
"That's why it's so ominous to see signs that America's housing market, like the stock market at the end of the last decade, is approaching the final, feverish stages of a speculative bubble."
Thanks to Michael Dudley
FULL STORY: Running Out of Bubbles

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The Tesla Cybertruck was recalled seven times last year.

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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.

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