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(Anton Balazh/Getty Images/iStockphoto)

IMF sidesteps easy money’s role in global housing bubble

House price bubbles thrust economies forward and crush them when they burst. The International Monetary Fund has now raised the prospect of a global housing bubble that could potentially destabilize the world economy. The risk is credible, but the IMF is sadly too coy about the root cause of the problem – ultra-loose U.S. monetary policy.