http://www.diversity.net.nz/are-we-heading-for-a-recession-and-housing-bubble-burst/2007/11/29/ Commentary and Analysis for User-Centered Technology Fri, 10 Feb 2012 03:02:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.diversity.net.nz/are-we-heading-for-a-recession-and-housing-bubble-burst/2007/11/29/comment-page-1/#comment-803 Jamesey Tue, 01 Jan 2008 07:33:26 +0000 http://diversity.net.nz/are-we-heading-for-a-recession-and-housing-bubble-burst/2007/11/29/#comment-803 I've been saying much the same thing for some time now and predicted the unraveling of the subprime housing market at kiwiblog, much to the consternation and outrage of the vulgar libertarians there, but now I believe that it is much too premature to predict, because of the peverse consequences of government intervention in the credit and asset markets via the US Federal Reserve banking system. Mark Faber makes a convincing case in his column at Money Week http://www.moneyweek.com/file/24214/exposing-the-cracks-in-the-financial-system.html I’ve been saying much the same thing for some time now and predicted the unraveling of the subprime housing market at kiwiblog, much to the consternation and outrage of the vulgar libertarians there, but now I believe that it is much too premature to predict, because of the peverse consequences of government intervention in the credit and asset markets via the US Federal Reserve banking system. Mark Faber makes a convincing case in his column at Money Week
http://www.moneyweek.com/file/24214/exposing-the-cracks-in-the-financial-system.html

]]> http://www.diversity.net.nz/are-we-heading-for-a-recession-and-housing-bubble-burst/2007/11/29/comment-page-1/#comment-665 wheels Wed, 28 Nov 2007 23:01:39 +0000 http://diversity.net.nz/are-we-heading-for-a-recession-and-housing-bubble-burst/2007/11/29/#comment-665 The key q here is not "are?", but "when", and how big? - I would say starting two months ago, and really massive! - 30-50% drops over the next 2 years. The key q here is not “are?”, but “when”, and how big? – I would say starting two months ago, and really massive! – 30-50% drops over the next 2 years.

]]>