The reboot operation of the financial sector has a default: Immobillier wealth is more evenly distributed among households that financial assets are mainly held by the upper layers of society under the impact of income polarization. This heritage weighs heavily on households that are also hit by massive unemployment, he even has a couple deterioration of their wage income and property (interest and dividends). A strategy for sustainable recovery requires help out quickly the real estate market slump, the revival of the credit can in fact be enough to revive a real estate sector which is experiencing a historic reversal. The Obama administration renews the fault of the Bush administration not to take a head on the housing crisis. Yet this crisis is contributing to non-recoverable receivables in the financial system to deteriorate the balance sheets of banks, has complicated the measurement of the value of securitization and delicate to the establishment of a hive of toxic assets..
A raise strong, sustainable and healthy can only result in a stabilization of house prices and a revival of new construction. The real estate sector deserves the same vigilant care that the financial sector. This point will be explained in a next post: the will to start again soon, and all costs, the U.S. economy seems to us very unwise indeed.