U.S. Housing Decline `Could Go On,’ Shiller Says
Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller index of property values, talks about the global economy and the U.S. housing market. He speaks with Tom Keene on Bloomberg Television’s “Surveillance” on the sidelines of the World Economic Forum in Davos, Switzerland. (Source: Bloomberg)
~
what a disaster, as if we didn’t know it is coming…..
Fraudclosures are still going on. Mike Whitney confirms the Banksters extend, pretend, HAMP/FOAM/FRAUD inventory control system has failed miserably. Bandages provided by the Fed can’t stop the bleeding, the big fail can’t reinflate a ponzi bubble. A surge in rentals and bandit-fund speculation is all there is. For the average bloke, buying a home is like asking for a lead boat anchor on a sinking life raft.