James Galbraith Says Housing Problem to Last `Long Time'
Since we get existing home sales later today:
James Galbraith, an economics professor at the University of Texas, talks with Bloomberg's Matt Miller from Austin, Texas, about the outlook for the U.S. economy and the challenges facing the next president, the impact of Federal Reserve monetary policy on inflation, and the state of the U.S. housing market.
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James Galbraith Says Housing Problem to Last `Long Time'
Bloomberg, May 16 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aT2P76NSBpf4
Friday, May 23, 2008 | 03:30 AM | Permalink
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This is a common school of thought that the poor housing crisis will last a while. I agree. With Crude prices this high, travelling to Vacation homes (be it 100 miles away on the NJ shore/Hamptons) or a short flight to the Florida Keys, just became way more expensive.
Posted by: Banker | May 23, 2008 7:35:54 AM
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