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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (33416)5/28/2005 12:27:07 AM
From: CalculatedRisk  Read Replies (4) of 110194
 
It is amazing how many speeches the FED has given recently referencing the housing bubble.

Off the top of my head, I think it started with Kohn 4/22/2005.
federalreserve.gov
"A couple of years ago I was fairly confident that the rise in real estate prices primarily reflected low interest rates, good growth in disposable income, and favorable demographics. Prices have gone up far enough since then relative to interest rates, rents, and incomes to raise questions; recent reports from professionals in the housing market suggest an increasing volume of transactions by investors, who (along with homeowners more generally) may be expecting the recent trend of price increases to continue.

... given the widespread press coverage of this issue, from my expectation that people should now be aware of the risks in the real estate market."


Greespan 5/20/2005 (in Q&A):
"... only those who have purchased very recently, purchased just before prices actually literally go down, are going to have problems."
federalreserve.gov

Guynn 5/25/2005:
"Some buyers, some builders, some lenders are going to get burned"
frbatlanta.org

And now Ferguson 5/27/2005:
federalreserve.gov
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