Reply to Federal Reserve: signs abound that housing market is entering bubble territory

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[quote=Anonymous][quote=Anonymous]
I will translate the portion that you highlighted:

"Housing correction" = housing prices are going to drop; we don't know how much but we are worried that people are going to start panicking so we are trying to prepare people now. [/quote]

Really?  Where does it say that?  Wouldn't stagnation of prices also equate a correction?  And isn't that the form corrections take in the real estate market, traditionally, especially when viewed with a reasonable time frame?

[quote=Anonymous]"No expectation that fallout ...would be comparable [to 2007] in terms of magnitude or macroeconomic gravity' = we are trying to prevent another housing crash by issuing this warning; we think that the debt-to-equity ratio in the current borrowers' market is better than in 2007, but it is also not nearly as solid as other experts think it is, which is why we are telling you this so both lenders and buyers can respond with appropriate caution. In other words, stop overpaying for housing because the bubble is eventually going to burst, but also please don't panic (hence we are sending this out of Dallas instead of having the Fed Chair call a press conference. [/quote]

Yeah, this is you putting on the tinfoil hat again and spinning what it written to suit your narrative.  It just isn't what they wrote.

Look, you can't have it both ways.  Either what the fed wrote is what they think or it isn't.  Pick.[/quote]

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