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Shiller comparing current situation to Great...

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... Depression prelude! 1/29/2008 __________ ________________________ Housing Bust Recovery in 1930s http://www.youtube.com/watch?v... ___________________________________ http://www.ft.com/cms/s/0/3a6a... US consumers in cautious mood By James Politi in Washington Published: January 31 2008 16:12 | Last updated: January 31 2008 16:12 The sharp slowdown in the US economy was highlighted on Thursday as fresh data showed that consumer spending rose a meagre 0.2 per cent in December and jobless claims moved unexpectedly higher last week. The data on consumer spending from the commerce department, though slightly above expectations, was the weakest since September 2006, and contrasted with a 1.1 per cent gain in November. It confirmed that even as retailers tried to attract customers with heavy discounts during the holiday season, US consumers spent cautiously. Personal income rose 0.5 per cent in December, also slightly above expectations. The personal consumption expenditure price index, excluding food and energy, rose 2.2 per cent, providing evidence that inflation could remain a concern for US policymakers. Recession fears came sharply into focus this week after it emerged that the US economy grew by 0.6 per cent in the fourth quarter. The Federal Reserve on Wednesday cut interest rates by 50 basis points - on top of its 75 basis point emergency easing of monetary policy last week -- in an effort to tackle the slowdown. Among economic indicators, one relatively bright spot recently was the weekly jobless claims data. But on Thursday, it emerged that the number of workers who filed for unemployment benefits last week rose sharply, by 71,000 jobs, to 375,000, or the most since Hurricane Katrina hit in September 2005. "After a series of low-side readings this increase clearly raises fresh questions about the health of the labour market," said JPMorgan's economics research team. On Friday, the US government will release its monthly jobs report, which could provide economists with a better reading of employment trends. _____________________ _____________ Housing Meltdown Why home prices could drop 25% more on average before the market finally hits bottom http://www.businessweek.com/ma... ___________________________________

Channel: Education
Uploaded: November 30, 1999 at 12:00 am
Author: RemiG2006

Length: 07:39
Rating: 4.74
Views: 34182

Tags: Ben  Bernanke  FED  Shiller  

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smkuhner (November 30, 1999 at 12:00 am)
thank you for this video
Halo7396 (November 30, 1999 at 12:00 am)
do you like my profile? w
stonerj0e (November 30, 1999 at 12:00 am)
he's thankful for ben bernanke ?!??!! LOL !!!
stonerj0e (November 30, 1999 at 12:00 am)
not gonna happen...
GA7777777 (November 30, 1999 at 12:00 am)
We must preserve housing values or we will have another Great Depression.
amotisi8859 (November 30, 1999 at 12:00 am)
This whole debacle was created by the federal reserve, which NEEDS to be destroyed and its board of govenors need to be tared and feathered at the very least!!!
ourearthhome (November 30, 1999 at 12:00 am)
The "housing" crisis is really a land speculation crisis. If it was just about "houses", the improvements, there could no run up of prices since the supply of "houses" has been increasing. Remember supply and demand? The cost should have come down. But no, the cost went up and what went up was the cost of the land. The value that is going down is the speculative cost of land. The house itself does not appreciate in value more than the cost of building. Thank the AEA for clouding the issue
Mennion3 (November 30, 1999 at 12:00 am)
While everyone turn their backs and thank God that they are not those Godless men, all the same time the stock options of Halliburton double as men in suits who do no work but play with numbers gets a salary that can feed a thousand men for a month. All men created equal indeed. At the end, my only question for you is this. Are you angry yet?
Mennion3 (November 30, 1999 at 12:00 am)
But of course these predators won't let that happen even when hungry children walk this earth. How many gallons of milk went sour to inflate these imaginary numbers? How many fruits were left unpicked as hungry men wander the street looking for something, anything to get their minds away from their miseries?
Mennion3 (November 30, 1999 at 12:00 am)
The prey, these everyday ordinary people can't pay for these inflated prices anymore. Their jobs can't afford it, these parents who worked from Monday to Saturday on 12 hour shifts with young children to feed. They can't give anymore to satisfy the predators on top and these market will burst like a bush fire in the African savanah. It'll ravage and kill all until the rain comes and the cycle comes again. And these predators are afraid, will they find redemption when they become prey?

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