NY Times Defines Bubble
JUST about everybody has taken to using the word "bubble" when talking about the housing market.
Among the optimists who have embraced the idea is a condominium developer in Miami who is running an advertisement for two new properties that shows a woman blowing an enormous chewing-gum bubble above the word "Boom!" And at the Mortgage Bankers Association, the chief economist, Doug Duncan, says he subscribes to the Don Ho way of thinking, referring to the singer's hit, "Tiny Bubbles."
How do you define a real estate "bubble"?
But the pessimists aren't surrendering the metaphor they started. Robert Shiller, an economist whose 2000 book predicted the stock market crash, has re-released the book with a new cover warning of "the world wide real estate bubble and its aftermath."
More...
Among the optimists who have embraced the idea is a condominium developer in Miami who is running an advertisement for two new properties that shows a woman blowing an enormous chewing-gum bubble above the word "Boom!" And at the Mortgage Bankers Association, the chief economist, Doug Duncan, says he subscribes to the Don Ho way of thinking, referring to the singer's hit, "Tiny Bubbles."
How do you define a real estate "bubble"?
But the pessimists aren't surrendering the metaphor they started. Robert Shiller, an economist whose 2000 book predicted the stock market crash, has re-released the book with a new cover warning of "the world wide real estate bubble and its aftermath."
More...
posted by Little_Silvered at 9:25 AM
1 Comments:
"JUST about everybody has taken to using the word "bubble" when talking about the housing market."
I don't put a lot of faith in the NY Times. And why should I?
However, when Fed governors start "Yellen" it (heh) I take notice.
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