Tuesday, September 18, 2007

The Big Housing Chill.

Robert Shiller, Yale economics professor, called both the Internet bubble and then the housing bubble. Now he believes that in areas of the U.S. that had serious booms, housing prices could fall up to 50% in real inflation corrected terms over a period of several years. He also welcomed the Fed lowering their benchmark short term interest rates today as he believes there are increasing signs of recession. More in the video below.

CNBC Video: Housing Outlook.

Wednesday, September 12, 2007

Louise Yamada on gold.

Gold is looking good technically, according to Louise Yamada of Louise Yamada Technical Research Advisors. We're in a long term secular bull market from a break out of $300, the bull market could last up to a decade or two, and the recent technicals have been excellent. Next stops: $750, $830 or $900 and we should now see support at $690.

CNBC Video: Gold Reaching New Highs.