Wednesday, November 27, 2013

Bob Shiller Warns "It's Different Now, We Can't Trust Momentum" | Zero Hedge

Bob Shiller Warns "It's Different Now, We Can't Trust Momentum" | Zero Hedge: "Some uncomfortable truths from the Nobel winner...

"Real homebuyers are not as excited about the housing market as the price increases seem to suggest..."

"It's more of an 'unusual' demand from investors that's driving the market now..."

"...the market is driven more by psychology than affordability""

'via Blog this'

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