housing bubble

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If you haven’t seen the second edition of Robert Shiller’s Irrational Exuberance yet, the NYT has a nice (well, not nice...but instructive) graph from it that illustrates our current housing bubble. The accompanying article examines the possibilities of the post-boom economy, and Anonymous Liberal notes:

a very real possibility that between now and November 2008, the housing market will head South and take the rest of the economy with it. And if that should happen, the '08 political calculus will change dramatically, and perhaps in unforeseen ways. Candidates on both sides would be wise to start giving this contingency some thought.

(Thanks to Atrios for the tip.)

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This page contains a single entry by cognitivedissident published on August 30, 2006 7:28 PM.

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