Friday, Nov 03, 2006

Boom and Bust

Daily Reckoning - Bill Bonner: The history of the great US house price bubble

The history of the great US house price bubble. The great US housing bubble may be dead, but it already has a certain corpse-like stink to it. We are still not sure that the great bull market in US residential real estate has come to an end. What we are sure of, on the other hand, is that it isn't at the beginning. The great US housing bubble may be dead, but it already has a certain corpse-like stink to it. The relatives are gathered in the parlour. The silver has already been packed up. The local priest is already on the scene, administering last rites. True, we still don't know exactly how the story will turn out. But it is time to begin preparing the obituary.

Posted by bufferbear @ 08:35 PM (375 views)
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2 Comments

1. Johnny said...

Great article, well written, amusing and above all so true!

Saturday, November 4, 2006 08:49AM Report Comment
 

2. Surfgatinho said...

Good article. I challenge anyone to find as in depth an analysis from a bullish perspective.Nope, didn't think so!

Saturday, November 4, 2006 12:45PM Report Comment
 

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