I don't think home values will crash -- they will rust, not bust. Demographics have underpinned demand, courtesy of a wave of immigration in the past 16 years that reduced supply, and you don't see the speculative overhang that could contribute to a bust in home values.
More Quotes from Richard Berner:
The US economy is currently in the midst of the most profound hiring shortfall of any modern-day business cycle.Richard Berner
The Fed truly wants to get inflation somewhat higher -- back into the comfort zone. Why not say where that comfort zone is
Richard Berner
I still see that companies went overboard in slashing their work force in an effort to cut costs and to eliminate the hiring excesses of the 1990s, ... I think we have a shortfall of about 1.8 million jobs to make up.
Richard Berner
If we are right that both the pace of economic activity and corporate earnings are still fraught with near-term, downside risk, equity values and risk spreads will carry a recession uncertainty premium for some time -- a premium that the Fed will still want to counter.
Richard Berner
The key reason Dwindling economic slack and escalating costs in the context of strong U.S. and global growth.
Richard Berner
Ultimately, a weaker dollar will spur policy shifts abroad that will be good for global growth. Ultimately, that will help earnings as well.
Richard Berner
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Based on Topics: Courtesy Quotes, Home Quotes, Immigration Quotes, Past QuotesBased on Keywords: overhang, underpinned
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