mattnewport comments on Open Thread, August 2010-- part 2 - Less Wrong

3 Post author: NancyLebovitz 09 August 2010 11:18PM

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Comment author: mattnewport 10 August 2010 12:39:51AM 0 points [-]

Paul Krugman?

Comment author: CronoDAS 14 August 2010 08:19:24AM 1 point [-]

My experience is that Paul Krugman is one of those people with whom you disagree at your peril.

Comment author: kodos96 15 August 2010 05:07:37AM *  -1 points [-]

If by "peril" you mean being censored from the comments section of his blog....

Comment author: CronoDAS 15 August 2010 07:41:55AM 1 point [-]

If you disagreed with him about long-term interest rates on T-bills, and you bet on that belief, you lost a lot of money.

Comment author: kodos96 15 August 2010 08:18:18AM 0 points [-]

And if you agreed with him about the housing market and bought any real estate a few years back, then you're probably underwater right now.

Comment author: CronoDAS 15 August 2010 09:28:36PM *  2 points [-]

Even if you sold in 2006?

I don't know if that link is gated or not.

So here's the bottom line: yes, northern Virginia, there is a housing bubble. (Northern Virginia, not Virginia as a whole. Only the Washington suburbs are in the Zoned Zone.) Part of the rise in housing values since 2000 was justified given the fall in interest rates, but at this point the overall market value of housing has lost touch with economic reality. And there's a nasty correction ahead.

Comment author: kodos96 15 August 2010 09:38:57PM 0 points [-]

The fact that he (partially) acknowledged the existence of the problem, once it was well underway, doesn't change the fact that he actively advocated the policies that caused the problem.

Comment author: CronoDAS 16 August 2010 03:17:08AM *  0 points [-]

Should the Federal Reserve have refrained from lowering interest rates in 2001?

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