Don't Blame the Market for Housing BubbleSubmitted by RiverRat on Tue, 03/20/2007 - 04:22
Don't Blame the Market for Housing Bubble
March 19, 2007
Dr. Paul's weekly column, this week's entry is here:
The U.S. housing market, long considered vulnerable by many economists, is now on the verge of suffering a serious collapse in many regions. Commodities guru and hedge fund manager Jim Rogers warns that real estate in expensive bubble areas will drop 40 or 50%. Mainstream media outlets like the New York Times are reporting breathlessly about the possibility of widespread defaults on subprime mortgages.
(continued at link above)