A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Sunday, September 16, 2007
Econ 101 -- You're Late, Get In There, Sit Down and Shut Up
Real Estate Bubbles and California's Economic Growth:
"We've never had this big of a bubble..." -- from part 3.
A succinct, clear presentation by Dr. Thornberg. And while re markets are "local", doesn't this particular bubble have a global reach--with possible global exposure to risk? Without a clear precedent, can we even predict the possible scale of fallout this time in terms of reduced retail consumption, losses to re-dependent business, or the effect when "toxic mortgage"-based investment goes belly-up? How much of that garbage figured into our "economic turnaround" since 2001?
And, what happens when China's mfg. overcapacity meets lagging retail consumption--"interesting times"? I expect more admissions to reality by Wall St. in the coming months.
Wow, what a refreshing dose of reality! Those videos make me want to cash in all of my poker chips for some more gold coin/ bullion. Something in the back of my mind is telling me to also stock up on canned goods, water filters and solar pannels...
2 comments:
"We've never had this big of a bubble..." -- from part 3.
A succinct, clear presentation by Dr. Thornberg. And while re markets are "local", doesn't this particular bubble have a global reach--with possible global exposure to risk? Without a clear precedent, can we even predict the possible scale of fallout this time in terms of reduced retail consumption, losses to re-dependent business, or the effect when "toxic mortgage"-based investment goes belly-up? How much of that garbage figured into our "economic turnaround" since 2001?
And, what happens when China's mfg. overcapacity meets lagging retail consumption--"interesting times"? I expect more admissions to reality by Wall St. in the coming months.
Wow, what a refreshing dose of reality! Those videos make me want to cash in all of my poker chips for some more gold coin/ bullion. Something in the back of my mind is telling me to also stock up on canned goods, water filters and solar pannels...
Post a Comment