Read The NY Fed White Paper That Dismissed The Housing Bubble - Just Before It Burst
Mar 25, 2011 at 7:22 PM
Dr. Pitchfork in bernanke, bernanke, federal reserve, federal reserve, housing bubble, housing bubble, really really bad call

Video - Bernanke Was Wrong - July, 2009

Dec. 2004 NY Fed Paper:  Are Home Prices the Next "Bubble"?

The Fed got this one completely, 100% wrong.  Total FAIL.  This December 2004 study of the housing market is a reminder that the same people exerting almost total, unaccountable control over our monetary policy, are the same people who produce studies like this.

This paper has plenty of charts, regression analyses, hedonics and endnotes.  All absolutely worthless. 

Basic findings:


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