Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Tuesday, June 28, 2005

EVEN FLAT HOUSING PRICES will be disastrous? The point:

"The reality is, you do not need home prices to go down -- all you need is for housing prices to stop going up," said David Rosenberg, chief North American economist for Merrill Lynch. He calculates a flattening of housing prices could trim U.S. economic growth, currently running about 3.5 percent a year, by a full percentage point.

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