morbius glass

Reviews – Comics, DVD’s, Books. Finance – FX markets, Stocks, Economics. Culture

World Crisis scenarios for the 21st century – Worldwide economic depression.(update 6)

Posted by Adrian on September 20, 2007

World Crisis scenarios for the 21st century – Worldwide economic depression.

Robert Shiller, a Yale university economist, has now compared the current collapse of the US housing market with the Great Depression. The comparison is the massive decline in housing prices and the possible spread of economic problems associated with the housing meltdown in America. Financial Times September 19 2007

” Robert Shiller, a Yale university economist, told a US congressional panel that he feared ‘the collapse of home prices might turn out to be the most severe since the Great Depression. The decline in house prices stands to create future dislocations, like the credit crisis we have just seen,’ he told the Senate’s joint economic committee.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: