Sunday, July 30, 2006
Housing Bubble, Recession, and That 70’s Show
Housing Bubble, Recession, and That 70’s Show
This past January, I wrote an article titled “Real Estate Burst, Upcoming Recession, and Soaring Commodity Prices”. At the time of the article, most people thought that a recession prediction was outrageous and that a burst in the real estate market was hopelessly pessimistic. Since then, we have seen clear signs of an upcoming recession as well as a slowdown in housing that is only set to accelerate.
Posted by chris @ 06:46 PM (1737 views)
3 thoughts on “Housing Bubble, Recession, and That 70’s Show”
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Retiredbanker says:
“However, we are a consumer led economy. As a result a slowdown in consumer spending will put a
screeching halt to this pseudo-economic growth we have experienced in the last several years”.
Quite!, the same here as in the US. We shall then see how Brown’s economic miracle holds-up.
paul says:
Sorry, the source here is a bit reaching. If this article were in a state broadsheet or a European national then fine but this is someone’s blog, isn’t it?
Blindleadtheblind says:
No Paul, it is not someones blog, and yes it is far reaching, but if I may say so, it is something that people generally would do well to understand. There is more to finacial education than simply rising or falling house prices, just a matter of joining all those seemingly meaningless reaching subjects together…!! As for the article, it is US based but by and large it is applicable to what the UK will experience aswell. Kitco a very usefull website by the way…