SUMMARY: My mind is blown after reading Ramesh Ponnuru's latest op-ed that argues housing was the main cause of the 2008 economic collapse, a crazy stat finds 40% of people in Los Angeles have a 7 figure house but only make 5 figures a year, delinquency rates continue to fall, and Jerome Powell testifies on Capitol Hill.

Source

• Housing Bubble?  Not Now & Not Then
• Insane Stat in California
• Delinquency Rates Continue to Fall
• Powell Discusses a Return to Normal

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