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Ken Rogoff: Housing, Unemployment Will Get Worse Before They Get Better
Harvard professor Ken Rogoff on TechTicker today.
Submitted by
tschuma417
12/8/2009
HyperLink play it email it
tschuma417
12/8/2009
tschuma417 is playing it
Short15.98%
Short4.51%
Short20.12%
Long187.32%
Short8.89%
I am playing this headline with (SRS IYR XRT RTH RTL) because Jobs: Rogoff forecasts American worker incomes won't return to peak levels until late 2011. Housing: The government is propping up the sector and real estate in fact still is declining "gently," Rogoff says, not improving. The stock market: Many investors have been caught off guard by the rally since the March lows. But Rogoff says markets often return to peak levels two or three years are a crisis, as investors opt for riskier investments amid near-zero interest rates.
 
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