Robert Shiller, Yale economics professor and the co-creator of the influential Case-Shiller Home Price Index, says another housing bubble could be looming.
Airtime: Wed. Jul. 15 2009 | 7:32 AM ET
running time 9:15
Eighty percent of success is showing up. —Woody Allen
Staying with the belief that the Fed can still do more, Bernanke said they are prepared for more accommodation if needed but he finally publicly acknowledges that "central bankers alone cannot solve the world's economic problems." He gives color on what left the Fed can do if circumstances warrant but acknowledges drawbacks to each perceived benefit. On the economy, "although private final demand, output, and employment have indeed been growing for more than a year, the pace of that growth recently appears somewhat less vigorous than we expected...Much of the unexpected slowing is attributable to the household sector, where consumer...
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July 15th, 2009 at 1:16 pm
Foreclosures have been a major issue of the economic recession that has hit all countries across the world. The Bush administration overlooked the foreclosure issues of the average homeowners which the Obama administration is struggling to tackle with various initiatives.
I think the situation would deteriorate even further since
* Massive Job losses
* There Is No Demand
* Since May, Mortgage Rates Have Gone Up
* Too Much Supply
* Option ARM – The Next Wave of Default
* Market Psychology
Recently read an interesting article on a similar premise.
Has the Housing Market bottomed out as yet
July 15th, 2009 at 2:12 pm
Have there ever been instances in the past of consecutive bubbles in the same asset class?