Friday, September 08, 2006

bernanke "There's No Housing Bubble to Go Bust"

das hier ist ne rückblende auf äusserungen von ben bernanke im oktober 2005.
dank geht an itulip http://www.itulip.com/
kein jahr später wird sogar ne senatsanhörung zum bubble angesetzt.
http://immobilienblasen.blogspot.com/2006/09/nun-ist-es-offiziell-now-its-official.html

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html

Fed Nominee Has Said 'Cooling' Won't Hurt

Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve.

U.S. house prices have risen by nearly 25 percent over the past two years, noted Bernanke, currently chairman of the president's Council of Economic Advisers, in testimony to Congress's Joint Economic Committee. But these increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households.

and that he believes the economy could weather a housing slowdown.

"House prices are unlikely to continue rising at current rates," said Bernanke, who served on the Fed board from 2002 until June. However, he added, "a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year."

Bernanke did not address the possibility of local housing bubbles or the risks faced by individual borrowers or lenders in a slowing market

ich frage mich wirklich warum jede äusserung von jedem fedmember auf die goldwaage gelegt wird. diese typen sind die am meisten überschätzen / most overratet auf dem gesamten erdball. lediglich ne gute propaganda / pr muß man ihnen ohne zweifel zugestehen

schade nur das sie die macht haben kurzfrisig durch ihr arsenal den markt zu beeinflussen.
http://immobilienblasen.blogspot.com/2006/08/fed-doublespeek-greenspan-put.html
http://immobilienblasen.blogspot.com/2006/08/begann-das-drama-1995.html
http://immobilienblasen.blogspot.com/2006/08/fed-is-pumping-repos-in-action.html

jan-martin

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