3min chapter

The Joe Walker Podcast cover image

Housing Bubble Week: Can We Predict Housing Bubbles? - Dean Baker

The Joe Walker Podcast

CHAPTER

The Uncertainty of Bubbles

Economist says economists have never been good at understanding recessions. Eugene Farmer: "There's simply not enough data and not enough outputs for our statistical models" The real thing that exacerbated falls in house prices was the fact that we had a big recession, he says.

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