Sunday, May 28, 2006
Google Video: "The California Economy: Housing Boom or Bubble?"
Google Video has this wonderful 58 minute video about the housing market by David Thornburg who is a senior economist with the UCLA Anderson Forecast. The speech was given on February 16, 2006.
In one segment, David Thornburg is talking about all these subprimes which are headquartered in US 405 in Orange County, CA. He asks "Is Orange County different? Yes they are going to get hammered."
During minute 38 of the video, Mr. Thornburg attacks Greenspan and the National Association of Realtors. Another great line is "Boomers have been terrible savers"
During minute 45 he asks "When will this end?" I highly recommend this outstanding video.
Posted by David at 5:02 AM