Maybe the real bubble indicator is that the Wall St. Journal says that S. Korea
will
now start investing some of its surplus $$$ in mortgage bonds. Echoes of the
Japanese binge on US real estate?
On Tue, Apr 19, 2005 at 12:58:36PM -0700, Eugene Coyle wrote:
Not that anyone save Mike Davis has
according to the US Census Bureau,
Privately-owned housing starts in March were at a seasonally adjusted
annual rate of 1,837,000. This is 17.6 percent (±7.7%) below the
revised February estimate of 2,229,000 and is 8.2 percent (±5.9%)
below the March 2004 rate of 2,000,000.
Single-family housing
