Wednesday, January 04, 2006

Tulipmania vs. Housing Bubble

Tulipmania was much more bulbilicious then any housing bubble market in the US. Nevertheless, the bubble markets are in for significant price declines over the next few years.

2 comments:

  1. I fully agree with Dr. Irwin Kellner that capitol spending will NOT pick uthe slack from the housing bubble.

    As the dollar slides this year, look for exporters to pick up a small amount of the slack. Not nearly enough to ofset the housing bust.

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  2. People handle money in all sorts of ways. It is scary what is happening to the financially uneducated masses.

    People with no money down who earn 40K a year should not be given 350K mortgages.

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