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Housing's Fed-induced bear market rally is a reflated bubble ready to pop again
2014 Sep 15, 5:43am 1,355 views 3 comments
by darlag follow (1)
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darlag
2014 Sep 15, 10:37pm
Someday, by accident, one of you will be right. In the meantime, keep ignoring all the times you're wrong: that'll work.
The projection is for a bottom in prices in 2020-2022. It will be a few years before it can be assessed whether this projection is right or wrong. So I don't quite understand what "keep ignoring all the times you're wrong" means in this context?
The popping of the original real estate bubble was evident to a sizable list of intellectuals who were ignored or ridiculed at the time; Robert Shiller, Fred Harrison, Ron Paul, Ivy Zellman, Meredith Whitney, Peter Schiff, Robert Prechter, Nouriel Roubini and others.
Noteably not on the list are: Ben Bernanke, Hank Paulson, Larry Summers, Alan Greenspan, Timothy Geithner, Art Laffer, Paul Krugman, and the other cast of characters charged with "saving" us from the ravages of the bubble. Notice their approach to that end is to do more of the same thing that caused the original bubble. That a new, re-inflated version of the original bubble is their "solution" to the problem shouldn't be surprising to anybody who has been paying attention.
Amen - darlag
Now how about some jail time for those "not on the list" ....
sure ..... with a supine Attorney General to wipe your feet on...it'll never happen.
Change You Can Believe In
As you can see, housing prices have only declined about halfway down to the levels where I expect they will eventually stabilize. The red projected price line is my estimate of the path housing prices will take over the next decade. The slight current rise in prices since 2012 is only temporary, a bear market rally. Once the next credit crisis begins, prices will resume the downward trend.
http://www.globaldeflationnews.com/inflation-vs-deflation-part-3how-the-banking-industry-is-stealing-americas-wealth-with-the-ultimate-buy-high-sell-low-scam/
#housing