by Calculated Risk on 10/27/2021 03:47:00 PM
The headline below “No one seems worried … Just like last time the bubble burst” applies to government officials in the Bush administration and at the Fed (although there was some concern at the Fed, notably from Dr. Janet Yellen). Plenty of private forecasters were expressing concern in 2005 like Dean Baker (for example, see my post Speculation is the Key in early 2005).
Chris Isidore writes at CNN: No one seems worried about a housing bubble. Just like last time the bubble burst.
And from Mark Zandi:
And from Ivy Zelman:
“A lot of what we’re seeing is scary,” she said. “We don’t know what will happen with interest rates.”