Sunday, September 25, 2005

Silicon Valley Madness

Another article about the bubble from Mercury News in the Silicon Valley. For me, the most important thing is the mentioning that high housing prices are becoming an impedement to hiring. This is really awful from a macroeconomic point of view. If people can't afford to live in an area, they certainly will not take a job there. This will create a negatively cascading chain reaction than can only propogage the end of this stupidity.



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