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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (29877)4/2/2005 12:02:01 PM
From: Crimson Ghost  Read Replies (1) of 110194
 
The charlatans in the financial media now admit the housing boom is over. BUSINESS WEEK has a cover story to that effect.

But the flow of BS continues unabated. The new line seems to be --yes the boom is over, but prices are expected to flatten or drop just a tad here and there. A problem but not a big problem.

The idea of a major drop in housing prices is as foreign to these guys (at least in public) as an invasion from Mars.
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