Friday, November 28, 2008

Robert Shiller on the Housing Crisis

Hello All!:

This is long but worth listening to. Investing going forward may never be the same.

Professor Robert Shiller who helped create the Case/Shiller index predicts the housing collapse could last years and years:



Part 2



Part 3

3 comments:

  1. AnonymousSaturday, November 29, 2008

    He started to lose me with his praise of Keynesian stimulus and the New Deal.

    ReplyDelete
  2. JeffSaturday, November 29, 2008

    uncle joe

    I hear ya.

    Sadly things are so bad that no one has any answers as to how to get out of this.

    I this forces us to go back in history to look for answers. Unfortunately the only comparable situation to our financial crisis is the Great Depression.

    I think Obama's 2.5 million new jobs idea is derived from the new deal.

    The economic leaders of this country our desperate for answers. I am not a big fan of how The Great Depression was handled either. Ultimately it was WOrld War 2 that got us out of this mess.

    I think some of his ideas like offering equity insurance when you buy a house to protect you from depreciation are really good.

    ReplyDelete
  3. JeffSunday, November 30, 2008

    Hello All

    Back from the break.

    I need to turn on the lights in here and warm this place up.

    I will have something up tomorrow. I hope everyone had a great Thanksgiving.

    There was no earth shattering news over the break. The Nikkei is behaving pretty well. Its down about 100 points.

    I am not surprised that we moved north all last week.
    This rally looks exactly like the Bear Stearns ramp job.

    We all know how that eneded in May/June.

    The collapse is immenent folks, but there may be one more bull run based on "hope" that the bailouts will save us.

    The holiday shopping season will be a major bust and once the data is in the market will head south once again.

    I strongly suggest that you sell some of your long positions into this rally.

    You might not get another chance moving forward.

    ReplyDelete