Housing Doom Housing Bubble Blog

I’m continuing work on Doom’s unofficial transcript of AEI’s March 28th seminar on the Subprime Mortgage Crisis [1] as fast as MP3 and Professor Dvorak allow. This morning I was just finishing up the draft transcript for Chris Whalen’s presentation and, well …

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== ANOTHER HOUSING DOOM AD ==

Doomers in DC should mark Thursday October 11, 2007 on their calendars. Back by popular demand — Alex Pollock, Nouriel Roubini, and the whole gang are doing a repeat performance. For details see AEI’s event site for "Deflating Housing Bubble II: Not Just Subprime".
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AEI’s March 28, 2007 Subprime Seminar - VII

The payoff quote from AEI Resident Fellow Desmond Lachman’s presentation to AEI’s March 28th seminar on the Subprime Mortgage Crisis [1] occurred right at the end of his talk.

"… But I don’t really need that in my case just to say that we are in for a pretty rough ride, and I’d be as bold as to say that I think that this issue [the subprime mortgage crisis] is going to be the issue in the 2008 election campaign." [0:22:36]

That sounded a little wild back in March, but if last Sunday’s Realtor prediction of 2 million potential defaults [2] is anywhere near the mark, he could well have been right on the money. Yesterday’ s WaPo Op-Ed [3] by widely syndicated columnist Robert Samuelson would also tend to support the idea.

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