Sunday, July 10, 2005

Bursting the Housing Bubble

Angry Bear: "Since the real estate sector has been the main source of job creation for the economy for several years, I'm concerned that the coming RE slowdown will create a large pool of displaced workers that will have to take a substantial cut in pay. Therfore the housing slowdown might have a larger impact on the economy than many economists expect. "

The bursting of the housing bubble is going to have a serious impact on employment.

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