Shiller - Governments need to back away from trying to "save" the housing market
Submitted by the TREND letter on Fri, 02/26/2010 - 07:53
Housing expert Robert Shiller talked on CNBC yesterday about the double dip risks to the economy ahead. The bottom line is that governments are not magicians who can solve over-capacity problems with a flick of their fiscal wand; they can elongate the problems, but they cannot "fix" them. I think 2010 will be the year when the world wakes up to this realization.
| Name | Last | Change |
|---|---|---|
| Dow Industrial | 10,340.70 | -107.24 |
| S&P 500 | 1,091.84 | -12.67 |
| NASDAQ | 2,208.89 | -24.86 |
| TSX | 12,102.00 | -42.94 |
| Gold | 1,256.60 | 0.00 |
| Crude Oil | 75.57 | -0.27 |
| Natural Gas | 0.00 | 0.00 |
| US Dollar | 82.90 | 0.08 |
| Euro | 1.27 | 0.00 |




