To Save Spain's Housing Market, It Must First Be Destroyed

Spain is about to set off to "grow" its economy by launching an unprecedented counter-homebuilding campaign, one in which the housing excesses of the last "growth" campaign will be literally demolished. And thanks to the magic of modern Keynesian math, both construction and destruction will result in growth for Spain.
http://www.zerohedge.com/news/2013-07-31/save-spains-housing-market-it-must-f...
Tweet