No one saw it coming!
Awaiting Housing’s Big Chill
(380 sec.) Maxim Group’s Chief Market Strategist Barry Ritholtz predicts doom after the boom.
Forbes
http://www.ritholtz.com/blog/2008/08/housing-forecast-august-2005/
http://video.forbes.com/fvn/business/ab_maxim
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
The best way to keep money in perspective is to have some. —Louis Rukeyser
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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August 22nd, 2011 at 2:49 pm
well you do say down, but not a bubble.
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BR: As I have stated repeatedly, the bubble was in CREDIT not real estate.
August 22nd, 2011 at 9:00 pm
It is my belief it is a credit bubble caused by real estate.
August 22nd, 2011 at 10:54 pm
If they havent figured it out by now there really isnt any point trying to explain it, Barry, on a completely unrelated note, where did you pick up the word eejit from?? I havent met one other American who uses it