05-10-2011, 02:12 AM
http://krugblog.wordpress.com/favorite-columns/
No Bubble Trouble
Paul Krugman, January 2, 2006
Part of the rise in housing values since 2000 was justified given the fall in interest rates, but at this point the overall market value of housing has lost touch with economic reality. And there’s a nasty correction ahead.
No Bubble Trouble
Paul Krugman, January 2, 2006
Part of the rise in housing values since 2000 was justified given the fall in interest rates, but at this point the overall market value of housing has lost touch with economic reality. And there’s a nasty correction ahead.