Very little, if anything, but certainly more than they are currently lying about. We gloom-and-doomers here on FR have been predicting and detailing the consequences of the inevitable crash of the housing bubble for years. They're only now starting to come to pass.
>>We gloom-and-doomers here on FR have been predicting and detailing the consequences of the inevitable crash of the housing bubble for years. They’re only now starting to come to pass.<<
I read a few months ago that crashes always take longer to arrive than people expect, but when they do come, they unfold faster than people expected.
But Fed action and the press are slowing down the inevitable, pulling out all the stops. It is actually acting somewhat towards the economy as Hillary is acting towards the Democratic nomination. They both seem to have a “scorched earth” defence plan unfolding.
Problem is, that never works. In the long run, it only makes things worse.