Bubble Wrap
Entry
Mayor Bloomberg's bubble has clearly already burst
In the Matrix blog, Jonathan Miller discusses coverage of Mayor Bloomberg’s comments regarding the future of the city’s real estate market.
The mayor said that the market was slowing and that nothing but a “miracle” could stop it.
Given that interest rates have been moving more slowly than expected, hardly “soaring” as Bloomberg said, Jonathan Miller suggests From a macro perspective, it seems like he is going out on a limb…
It does.
#
posted about 3 years ago
