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(As compared to Asha Bangalore's hudson 43%) http://angrybear.blogspot.com/2005/04/after-housing-boom-impact-on-economy.html Also, FED Vice-Chairman Ferguson's comments on housing were interesting today: http://www.federalreserve.gov/boarddocs/speeches/2005/20050527/default.htm "... these assets are the most widely held by the general public, price changes, even when not exceptional, can significantly affect the macroeconomy. Rising asset prices support household consumption, whereas falling asset prices damp consumption. In a scenario of collapse, the damage to balance sheets and private wealth could go as far as undermining the hudson soundness of the financial system and threatening stability of the hudson real economy." Federal Reserve Vice-Chairman Roger Ferguson, May 27, 2005 Best Regards! Posted by: CalculatedRisk | May 28, 2005 12:09:49 AM Barry: I've been away for a while, but have really been impressed by the quality of the handful of new posts I've looked at.
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