Midsummer Meltdown: Prospects for the Stock and Housing Markets
Contributing Organization(s): Center for Economic and Policy Research
Author(s)/Creator(s): Dean Baker
Publishing Date: 2007-08-01
Issue Areas: Housing and Homelessness
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
This paper examines the factors that have led to the recent instability in financial markets, specifically the housing bubble and the recent run-up in stock prices. Prices in both the housing market and the stock market are often moved by psychological factors that have little to do with fundamentals.
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