48 hours of cancelled flights, sleeping in JFK, and finally get home to London tonight after reading about 20 newspapers and magazines, and 50 housing related articles. Lots of news these past few days, and the MSM really has put a nail in the coffin I'd say, reporting what we've been saying for a year now. I swear reading the USA Today is like reading HP six months ago...
Bottom line: Would everyone agree that overall, the collective wisdom has now changed? Wouldn't most informed, sane folks now agree that in the US, housing will be a depreciating asset for some time to come?
July 28, 2006
Looks like I missed the official, no-doubt-about-it, circle-the-wagons, ding-dong-the-witch-is-dead end of the late great US housing bubble last week
Posted by blogger at 7/28/2006