Thursday, June 16, 2005

The beat rolls on

The Economist, which has been warning about a housing bubble for years, has an article this week which is a much better researched and written version of my initial blog post. If this topic interests you at all, go read about it. There's an opinion piece as well that uses the same arguments about bursting that I did, but it adds that the nature of housing makes the decline less swift, but equally traumatic.

2 Comments:

Anonymous Anonymous said...

I hope that the bubble bursts, then I will be able to scoop up a nice house amidst the chaos!

3:24 AM  
Blogger Noumenon said...

The more I see the bubble start to become conventional wisdom the more I suspect that people really know what they're doing after all. Economists ain't so smart.

5:22 AM  

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