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March 16, 2008
Neocon-omics
How much can the Fed and the U.S. government do in the face of declining housing prices?
That’s been my worry since I saw the housing bubble peak in 2005. Historically, declines in housing prices take 3-4 years to bottom, which means we still should be at least half a year away. But after that, the economy doesn’t rebound instantly. It yo-yos for a bit - essentially running horizontal.
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Posted on March 16, 2008 12:38 AM by House 78.
Filed in Real Estate under housing prices.
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