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To: marginmike who wrote (184737)7/30/2002 7:34:28 PM
From: MythMan  Read Replies (2) | Respond to of 436258
 
F*ck, I gotta sell my house now.



To: marginmike who wrote (184737)7/30/2002 9:51:43 PM
From: reaper  Read Replies (3) | Respond to of 436258
 
<<Greenspan was worried enough to study the issue, as have numerous other economists, including Kevin Hassett for his new book, Bubbleology. But like the Fed chief, Hassett concluded that the rise in home prices made sense even through the recession. "A bubble is when there is no right answer," Hassett says. "In this case, there is no mystery.">>

Anybody know who Kevin Hassett is???
He is none other than the co-author of Dow 36,000.

This is too funny; a flunky assistant economics prof from Columbia who was denied tenure and went on to write the seminal book of the stock bubble says housing prices are fine. Remember their language in the book, that Dow 36000 was a 'perfectly reasonable price'.

but more importantly, why the f&^% does Time not mention that the guy telling their readers that house prices are perfectly reasonable is the SAME friggin' moron who told them a perfectly reasonable price for the Dow was 36k?

the housing market is SOOOOOOOOOOOO over.

Cheers