U.S. Needs to Be Much More Forgiving on Home Loans

Aug. 8 (Bloomberg) -- The housing market is where the Great Recession started. It’s the main thing delaying recovery, and the reason fiscal and monetary stimulus (traditional and modern) haven’t worked better. The U.S. and U.K., especially, could have done a lot about it, but chose not to.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.