http://www.bizzyblog.com/2006/09/14/bubble-schmubble-update/ The Business End of the Blogosphere Sun, 23 Nov 2008 16:53:32 +0000 http://wordpress.org/?v=2.5 http://www.bizzyblog.com/2006/09/14/bubble-schmubble-update/#comment-30333 TBlumer Thu, 14 Sep 2006 16:06:40 +0000 http://www.bizzyblog.com/2006/09/14/bubble-schmubble-update/#comment-30333 #1, I can't tell whether you believe we're in for a round of steep declines or not. My long-term bet would be on market forces, which of course can in the short-term sometimes include irrational exuberance or pessimism. #1, I can’t tell whether you believe we’re in for a round of steep declines or not. My long-term bet would be on market forces, which of course can in the short-term sometimes include irrational exuberance or pessimism.

]]> http://www.bizzyblog.com/2006/09/14/bubble-schmubble-update/#comment-30332 Elliot Essman Thu, 14 Sep 2006 15:57:54 +0000 http://www.bizzyblog.com/2006/09/14/bubble-schmubble-update/#comment-30332 A sag in housing prices--even a sharp decline--does not mean the "bubble" has burst. Housing has been inflating across the board for many years. The trap will be buying into a sag, and then the bubble, still alive and well, and contemptuous of market forces, does burst. A sag in housing prices–even a sharp decline–does not mean the “bubble” has burst. Housing has been inflating across the board for many years. The trap will be buying into a sag, and then the bubble, still alive and well, and contemptuous of market forces, does burst.

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