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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Moody's Foresees 10% Drop in US Housing Prices | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="7QmLPf3MP8"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/moodys-foresees-10-drop-in-us-housing-prices.html"&gt;Moody&#x2019;s Foresees 10% Drop in US Housing Prices&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/moodys-foresees-10-drop-in-us-housing-prices.html/embed#?secret=7QmLPf3MP8" width="600" height="338" title="&#x201C;Moody&#x2019;s Foresees 10% Drop in US Housing Prices&#x201D; &#x2014; naked capitalism" data-secret="7QmLPf3MP8" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Recall when yours truly attended Americatalyst, a real housing/mortgage nerd conference last November, and the panel that was asked to forecast housing had no one predicting more than a 2-3% decline? I was gobsmacked because no one seemed to be acknowledging the huge number of foreclosures in process plus those likely to happen ("shadow inventory").   Moody's has focused on one aspect of the issue and does not like what it sees.</description></oembed>

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