Friday, July 01, 2005

A Bubble Poll

This guy thinks that we could be in a mega-bubble. He is taking a poll to see what people think. Here are some of the questions that should be answered. I think we are in a real estate bubble but I doubt we are in an oil bubble.

[Real estate bubble. Clues: Speculators driving prices. Lenders offer cheap money, short-term loans. Home-equity loans fund short-term spending. Fed chairman sees minimal froth.

Energy and oil bubble. Clues: Crude hits another record. Political turmoil in oil-producing nations. Consumers buy gas-guzzlers at record pace. GM, Ford in trouble.

Foreign-trade deficit. Clues: Monthly deficits top $50 billion. This year's deficit will beat 2004's $617 billion. Foreigners now own $2.5 trillion of America.]



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