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Economist sees lower prices in the future

“What you are seeing are signs of a market peak at the high end,” said Robert Shiller, an economics professor at Yale University. “First there’s a rise in inventory, and then prices fall.”

No prediction on how far prices will fall from this widely respected economist, professor, and writer.

This I know for sure, you should listen to what this guy says. He’s saying that prices will fall. Implied in that, don’t buy.


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4 Responses to “Economist sees lower prices in the future” »»

  1. Comment by John A Keith | 05/13/08 at 9:41 am

    More on this later. Ha ha!

  2. Comment by anon | 05/13/08 at 2:59 pm

    Declining prices in and of themselves don’t mean you shouldn’t buy. Do you avoid buying a car because it depreciates?

  3. Comment by John A Keith | 05/13/08 at 3:16 pm

    The punch line shall be forthcoming, shortly.

  4. Comment by Sam Chapman | 05/14/08 at 10:20 am

    It doesn’t take a great economist to figure that out.

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