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CanadianValue
CanadianValue
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Nouriel Roubini and Robert Shiller - Two Rays of Sunshine Comment on the Economy and Housing

January 24, 2013 | About:

Shiller is one of the foremost experts on the housing market in the U.S. He hasn't exactly been known for his optimism. His comments today:

- He is willing to admit that the global financial crisis has generally lessened.

- His concern is that we could see up to 10 years of slow financial growth; we are 5 years into it.

- The housing market is six years into decline. While the short-term indications look good, he is worried that it is a short-term blip in a continuing decline.

- He does think it is a good time to buy because of low interest rates and affordable housing. What concerns him is how much the government is supporting things.



Shiller is truly a ray of sunshine next to Roubini who today observes:

- The euro area is "less worse" than it was last summer.

- He isn't willing to say that the economy will be better three years out because the financial system is still fragile.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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