The Housing Chronicles Blog: A 'dead cat' bounce on Wall Street?

Monday, May 19, 2008

A 'dead cat' bounce on Wall Street?

Is Wall Street being too optimistic about the Fed's actions to keep the financial markets from unraveling extending to the overall economy and the housing market? According to economist Ken Rosen, there's still another 'leg down' for housing prices due to high foreclosures, tight consumer credit, job losses that will also result in higher delinquencies for credit cards and HELOCs. From a video:

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