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Showing posts from March, 2007

Will Indian property markets tank ?

Read an interesting interview with Robert Shiller (Irrational Exuberance guy) who is now predicting some sort of bottoming out in the US real estate market. Interestingly, he added a section to his book last year saying the property market there was likely to head south.

The US real estate market to quote an investment banking friend of mine, is detonating all over the place. Actually he told me this four days ago. And a few nights ago, the Dow Jones tanked followed dutifully by Japan, Asia and of course good ol India.

Shiller says he has been reading up articles and stories on what triggered the previous fall in the US. Interestingly, I embarked on a similar academic exercise, trying to understand what brought the real estate market to its bottom after 1994. I am not quite there as yet, but Shiller says one signal is when people start talking about how they were `had’ in a certain transaction.

Stories of stupidity

This is what he said in a Business Week article last week. "I've …