There’s That Word Again

Which word, you say?

“Unexpectedly.” Yeah, that’s the one.

It seems like in more and more cases, events affecting the economy are unexpected, leading me to believe that the “experts” must be among the most obtuse of people. Take this story, for example. I know next to nothing about the housing market or the mortgage business, but even I could have predicted that most people wouldn’t be all that hot for home loans that take two years to close.

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