The Real Estate

Economy in 'Double Bubble' Trouble?

by Dana Rubinstein  |  May 9, 2008
|  Tags:

Looking for some depressing news to read during lunch? See below.

Gene Sperling, top economic adviser to the Clintons, argues today in a Bloomberg column that the economy may be in for double-real-estate-bubble trouble.

That's right. Not just one deflating bubble. Two.

We all know about the recently poppped residential real estate bubble, but is there a second commercial real estate bubble that is on the brink of bursting, too?

"[W]e may face double-bubble trouble for real estate and the economy," writes Mr. Sperling. "Because much of the current construction received the green light several quarters ago when the economy looked healthier, the worst might still be to come."

Read more here.

  • del.icio.us
  • Digg
  • Reddit
  • Newsvine
  • Google
  • Yahoo
  • Technorati
  • Facebook
  • Stumble Upon
  • Netvibes
  • Windows Live

Comments
Post a comment

GMiki (not verified) says:

This is a surprise to whom? When the IMF says it's the worst economic situation since the Depression, the only people who don't hear that are the analysts on CNBC. Oil up, Dow down. Is this good for anything but gold and silver?

In what way are we NOT in trouble?

May 09, 2008 7:22 PM

Post a comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br> <p> <i> <b> <embed> <img> <blockquote> <span> <strikethrough> <u>
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

By checking this box you are giving permission for Observer staff to contact you to obtain contact information and permissions required for publication.