Midsummer Meltdown: Prospects for the Stock and Housing Markets (PDF; 261 KB)
Source: Center for Economic and Policy Research
From press release:

The Center for Economic and Policy Research released a report today examining the factors that have led to the recent instability in financial markets, specifically the housing bubble and the recent run-up in stock prices.

“The housing bubble was recognizable, but as was the case with the stock bubble, those who focused their analysis on fundamentals were largely ignored in the media and in policy circles”, says Dean Baker, author of “Midsummer Meltdown: Prospects for the Stock and Housing Markets.”

The fundamentals in both the stock and housing market showed that both markets were seriously over-valued. Yet this fact was rarely noted by economists or reported by the media.

This entry was posted on Friday, August 10th, 2007 at 9:18 am and is filed under Business and economics, Housing and real estate, Investments. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.