[extropy-chat] Housing bubble looking good
phoenix at ugcs.caltech.edu
Thu Mar 9 18:37:08 UTC 2006
On Thu, Mar 09, 2006 at 09:27:23AM -0800, Chris Hibbert wrote:
> I don't know what Hal's reasons were, but the reason it looks good in
> general for the economy, is as an alternative to the widespread view of
> the bubble proponents. The usual intended meaning of the claim that
> "it's a bubble" is that there's a crash coming. A crash would be very
> bad for the economy, so indications that the boom will merely slow or
> will continue are good news in pointing to non-crash scenarios.
Or it could mean that an inevitable crash is being postponed for yet longer,
to do even more damage when it finally comes. Cf. Japan.
I have a friend who follows housing blogs; I think he was reporting things
like falling housing sales in California markets. But I don't have cites to
-xx- Damien X-)
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