Thursday, October 26, 2006


When home prices plunge more in September, year-over-year, than they have in 35 years, Howard thinks it's safe to say that the real estate bubble is bursting right now in a big way. Hang on tight, kids. Lots of suffering to come... after the election, of course. That way Democrats can be blamed.


Anonymous Anonymous said...

IMF's 'World Economic Outlook' 2003: "Housing price busts were associated with stronger and faster adverse effects on the banking system than equity price busts... All major banking crises in industrial countries during the postwar period coincided with housing price busts".


10:32 PM, October 26, 2006  

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