Monday, November 2, 2009

Are We in a Second Housing Bubble?

In a highly controversial interview, Yale Professor economist Robert Shiller announced that the U.S. might be in another housing and financial bubble. Shiller, who is known for predicting economic crises well before they have occurred over the past few decades, stated the he did not know what was fueling the current recovery and is wary over the recent rise in housing prices. While this may seem like a hoax, his impressive background and uncanny ability to detect problems may lead some to take him seriously. I guess we'll just have to wait and see whether he is right...

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