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.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Initial Jobless Claims for the week ended Feb 18th totaled 351k, 4k less than expected but the prior week was revised up by 3k to 351k. The 4 week average did fall to 359k from 366k, the lowest since Mar '08. Continuing Claims fell by 52k to the lowest since Aug '08. Also, Extended Benefits fell a net 69k. Bottom line, the data still points to a labor market that continues to improve however lumpy the process feels for many. ...
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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