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Saturday, May 21, 2005

housing bubble watch

Bill Bonner at covers a plain-looking cottage on a "shy acre" for $2.4 million, and Japanese dollar-buying throughout 2004:
Incidentally, I recently purchased a used copy of "The Great Reckoning" by James Dale Davidson and Lord Rees-Mogg, their 1991 forecast of the coming 90's financial debacle (OK, their timing wasn't perfect) and noticed that Bonner was thanked in the acknowledgements. I know nothing of Mr. Bonner except his short but interesting tid-bits that appear regularly on


Blogger Ross said...

Did you read Krugman's latest column in the NYT? It's partially about the housing bubble.

11:50 PM  

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