US Home Builder Index Falls to 4 1/2 Year Low in April. It was always too good to be true.
Source link: http://archive.mises.org/4927/has-the-bubble-popped/
Has the bubble popped?
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I do not know whether the bubble has popped Dr Thornton – but I hope it has.
Yes a bust would mean great suffering – but the longer the bust is delayed the greater the suffering will be.
Of course by “bust” I do not just mean the real estate market – high property prices (as you know) are just a sign of the general credit money bubble.
When will people learn that borrowing must be financed by real savings (i.e. other people choosing not to consume all their income) not by book keeping tricks.
Some people think so.
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