Monday, May 21, 2007
What if it were the Boomers?
The US Federal Reserve: The Baby Boom: Predictability in House Prices and Interest Rates
Okay, so we have spent several years pondering the rising market and the market drivers responsible for it.
Speculating on the speculation if you should like.
It has been called greed and there has certainly been greed involved.
Conspiracy theorems have been discussed and expounded at length and then rather boringly shattered by Lord Edward George’s admission that it was actually all on purpose.
But what has caused the swinging market of this last half centaury to swing.
This has been the era of the Boomers, and this is their Swansong.
Posted by apom @ 11:33 AM (175 views) Add Comment
1 Comment
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1. Tangara said...
We've seen this report long ago, haven't we ?
I still think the fed is right : It's mostly "babyboom driven", amplified by low rates.
If we assume it does like "Japan 1990"(peakier and a sooner than the model), it's not very long to wait...