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How do we know that the bubble burst?

© Copyright Frank D. Kanu 2000-2009

More bad news or just a necessary market adjustment:

Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years.

Does that make for a burst bubble?

Or is that more like a balloon that looses air? Five years ago nobody talked about a bursting bubble; what is so different at this time? The fact that the autoworkers union strikes? The ever increasing news of companies reducing their workforces? Or the commander guy announcing that “economics is large”?

Experts now say that oil prices will raise to $100 a barrel—pretty soon.

Is that the next bubble?

Tags:

bad news  balloon  bubble burst  burst bubble  bursting bubble  credit markets  economics  experts  lowest point  oil prices  sixth straight  turmoil  union strikes  workforces
 Technorati (All Links are external): bad news  balloon  bubble burst  burst bubble  bursting bubble  credit markets  economics  experts  lowest point  oil prices  sixth straight  turmoil  union strikes  workforces  business  politics
 

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• Frank Kanu on Wednesday, September 26th, 2007 @ 07:22
  
• Filed under Business, Politics
  

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