The Jaded Developer no longer works here

Monday, November 06, 2006

As the US homeowner moves from denial to anger

I can't keep up with the volume of posts on The Housing Bubble blog anymore as the credit bubble implosion in the US continues to get louder. Even David Lerah is forced to acknowledge the existence of a problem. (Earlier this year he published a book called "Why the Real Estate Boom Will Not Bust - And How You Can Profit from It". Did I mention he's the chief economist for the National Association or Realtors? LOL).

And as expected, the cries of "Who's fault is this!" grow as well. Alan Greenspan slowly heads for the door.

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