The CBO on the American Recovery and Reinvestment Act of 2009
Trying to Reduce the Power of K Street

Menzie Chinn on House Prices

Via econbrowser.com

The future data points are not market forecasts, exactly--they are supply-demand equilibrium trading prices for those agents who are in the CS 10 futures market who are almost surely not risk-neutral rational forecasters. And there are all the old worries about the role played by foreclosure prices in the CS indexes.

But it remains a very nice graph.


Posted via web from http://braddelong.posterous.com/menzie-chinn-on-house-prices at Brad DeLong's Scrapbook.

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