Monday, April 18, 2005

Hippies Freak Out About Housing Bubble

Even Mother Jones Magazine is writing about the housing bubble.

"Needless to say, at least some mainline economists are starting to get nervous about whether the housing boom isn't a housing bubble. Mike Davis, on the other hand, asks whether it isn't a housing bomb set to explode right under the Bush administration. As he does on just about any subject he touches, Davis takes our real-estate boom and makes a new kind of news out of it, suggesting that the Bush administration is riding this particular economic tsunami to an uncertain -- but possibly unenviable -- end."


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