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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (64490)6/24/2006 11:09:39 AM
From: gregor_us  Read Replies (2) of 110194
 
"The outlook for home prices is much worse than the consensus thinks," said Anirvan Banerji, director of research at the Economic Cycle Research Institute. Banerji said the ECRI's leading index of home prices is flashing warnings that real home prices (adjusted for the rise in consumer prices) could fall. "We'll have a harder landing than people expect," Banerji said.

My comment: ECRI has a pretty good record and are not inclined to hyperbole.

LP
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