US expert warns of fresh shocks (If Housing Price Continue To Fall)

http://www.ft.com/cms/s/0/31d8aba4-66b6-11dc-a218-0000779fd2ac.html ^ | 9-19-07 | Eoin Callan

[Always Right]

I am still hoping for the epic beer market.

[RightWhale]

Didn’t we just see this on another thread?

[Hydroshock]

No I am hoping the coming recession does not become a depression.

[NeoCaveman]

I am still hoping for the epic beer market.

I'm hoping for an epic shot and a beer market.

[mek1959]

I agree hydro and I think we’re heading into some difficult times - really difficult times.

[JamesP81]

A collapse in housing prices would make it easier for me to buy a house. Of course, it would suck for those who already have bought one...

[Always Right]

Didn’t we just see this on another thread?

I think Hydroshock has posted every article that was written by or makes reference to Robert Shiller. They are all the same, going back to 1973 I would imagine.

[Hydroshock]

My wife and I have been accelerating our paying off bills and putting money in the savings. I also am keeping a closer eye on our investments. Despite what some of the hecklers on this and other threads may think the current economic climate screams for caution.

[BlabItGrabIt]

Robert Shiller, a Yale university economist

Left-wing/socialist/skull-and-bones/dim shill credibility comes from where, when, who, how, why???

[Always Right]

I'm hoping for an epic shot and a beer market.

Mixing shots and beer could really lead to difficult times the next morning.

[CharlesWayneCT]

Why do we fight inflation everywhere else, but want inflation in the cost of housing?

[Hydroshock]

Cash is king, debt is teh ugliest 4 letter word there is, and never be over leveraged in anything if you have to use credit. These 3 thoughts have served my family well in boom and bust for 3 generations

[Zuben Elgenubi]

There's a very good article in today's Wall Street Journal (front page) on this very item. Scary to me.

[stylin19a]

Housing starts also dropped to the lowest level since June 1995, declining 2.6 per cent to an annual rate of 1.331m units

but..but...1995 was in the midst of the greatest economy of all times...Clintonomics, dont you know ? Now, if you really need a sarcasm tag....

June 1995:

Fed Funds = 6.0%
Mortgage Rates = 7.5% (30 yr fixed)
Unemployment = 5.6%

August 2007:

Fed Funds = 5.25%
Mortgage Rates = 6.5% (30 yr fixed)
Unemployment = 4.6%

[italianquaker]

OHHHHH the humanity, this guy is more of a hack then greenshit

[farlander]

Aw c’mon man. The whole we’re Doooomed (tm) thing is really old with the whole housing market. The housing is less than 10% of the GDP, if it were to go to 0.00 there wouldn’t be a ‘depression’. And it’s not all that likely we’ll even have a recession. The markets are certainly not pricing that in.

[farlander]

As any other economic climate... In my humble opinion, there is never a time one should make hasty decisions on investments, and getting rid of debt is something everyone should strive for no matter what economic climate we’re in.

[LibLieSlayer]

I wish that I could figure out a way to make money off of you naysayers! It is as if many of you want America’s economy to fail... excuse me... someone already posted that they are hoping it will!

LLS

[dangus]

“Patrick Newport, an economist at Global Insight, said: “The eye of the storm is just ahead.” “

An odd quote: The eye is dead calm. Immediately preceding it is the forward eye wall, the worst. Usually once a storm escapes the tropics, the lagging eye wall (after the eye) isn’t nearly as bad as the forward eye wall, and the lagging spirals are a complete dud.