Tag: Bubble

Wednesday, February 23rd, 2011

The right price for houses?

Any economist who still claims that financial bubbles do not exist (many tend to roam the Chicago area) should look at these charts. There is no way to tell the “right” price of a home.  But by any measure, home … Continue reading

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Wednesday, December 15th, 2010

The Price of the Financial Crash

Here’s another measure of the price we paid for the housing bubble and subsequent financial implosion: delayed retirement. The crisis vaporized a large slice of the retirement savings of many older workers. Economists at the Federal Reserve Bank of Chicago … Continue reading

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