Highly Respected Grant’s
This article points out that you never really know that you are in a bubble until it’s too late. Also, the article has an abridged analysis by Grant’s Interest Rate Observer, which believes we are in the midst of a bubble.
Snip…
“Grant's Interest Rate Observer, a highly respected New York newsletter, recently offered a smart analysis by a real estate consultant in Hawaii.
He multiplies the number of home sales by the average price, then divides the result by the nation's gross domestic product. This shows home sales as a percentage of the economy.
The figure averaged 9.2 percent from 1970 through the end of last year. By the end of March, it had hit 17.2 percent, adding to the pile of bubble evidence, according to Grant's.”
Continue…
Snip…
“Grant's Interest Rate Observer, a highly respected New York newsletter, recently offered a smart analysis by a real estate consultant in Hawaii.
He multiplies the number of home sales by the average price, then divides the result by the nation's gross domestic product. This shows home sales as a percentage of the economy.
The figure averaged 9.2 percent from 1970 through the end of last year. By the end of March, it had hit 17.2 percent, adding to the pile of bubble evidence, according to Grant's.”
Continue…
posted by Little_Silvered at 7:48 PM
1 Comments:
I love blogs like yours, I wish it had more about student grants
like ##lLINK## does.
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