Tag Archive: depression
The single biggest problem “There are very few homebuyers.”
The S&P Case-Shiller Index has dropped for most of the 20 largest real estate markets over the last several months. RealtyTrac recently reported that more than 1 million homes were foreclosed upon in 2010.
Source: Yahoo News
Dec. 28 (Bloomberg) — Hugh Johnson, chairman of Hugh Johnson Advisors LLC, talks about the outlook for the U.S. housing market after the S&P/Case-Shiller index showed prices dropped more than forecast in October. He speaks with Carol Massar on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)
Nouriel Roubini of the New York University.
Not all doom and gloom.
The professor of economics on America’s banking reforms, the risk of deflation in advanced economies and China’s growth.
UPDATE 1/21/10 Roubini on The Chinese Monster
Doubling the debt, short term deflation – long term inflation, leading to long rates raising increased oil to $100 barrel a double mess could tip the cart over again.
22 Minutes of Predictions….
Source: Bloomberg
UPDATE AS OF 5/20/10
Double Dip
Dr. Doom From NYU economics professor
Nouriel Roubini talks about the economic crisis while traveling in China. Nouriel predicted much of the current financial crisis as far back as 2004.
