Americans have been straining to hear the sound of the housing bubble bursting for many months, and according to the media on Monday, they might not have heard a pop but there was definitely a ssssst. A number of news reports flatly stated that the bubble had burst and the general and conventional wisdom...
Freddie Mac and its Office of the Chief Economist took on the doomsayers in its January 2006 Economic Outlook released late last week and concluded that the housing bubble is not going to burst. It's not that Freddie Mac hasn't said this before, and its statement last week was less than a ringing endorsement...