Sunday, May 28, 2006

Fancy a Gamble?

The Observer: Place your bets on the boom and bust UK housing market

Anxious British homeowners could soon have the opportunity to hedge their bets by laying money on a house price crash as a firm set up by Yale economics professor Robert Shiller opens a new market in housing futures. Shiller, author of Irrational Exuberance, which predicted the dotcom crash, is co-founder of MacroMarkets, which began offering investors the opportunity to bet on US housing markets last week.

Posted by jason @ 02:21 PM (639 views)
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