News Bits

Where does the money from the rich go during a downturn? Buffet lets us know

Its official “Current slump in housing worst since 1989-92 downturn.” For those unsure of when the housing slump will end, try basic economics: When Inventory Unloads.

The fools have been served. With Blackstone (BX) selling below its IPO price have these speculators finally realized that what they were buying was really someone else’s worries.

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