I should have gone to Harvard

Check out this study that these yahoos did at Harvard:

Tighter Lending Stalls Housing Recovery

Rising foreclosures and tightening credit standards are making it more difficult for the housing market to recover from the current downturn than it has been for the market to rebound from previous slowdowns, according to a Harvard University study."Historically, housing markets recover only after the economy has entered a recession and a combination of falling mortgage interest rates and house prices have improved housing affordability," Nicolas P. Retsinas, director of the Joint Center for Housing Studies at Harvard, said in a statement.

I think a 4 year old could piece together that the CAUSE of the market crash was loose credit standards and as rates rose homes started foreclosing left and right. So for the market to recover, one could assume we needed the foreclosures to end... right?

This is almost as good as the Princeton study (tax payer funded) that found that parents who talk to their babies typically help them start speaking earlier. Amazing. I'm glad I could help fund that.

2008 mid year reports will be available in one week. Don't be caught not knowing what the market is doing (what would you do!). To request a free copy email me at me@dougnielsen.com.

In better news, I am told Harry Potter will be coming out in November. I am planning on renting out the theater for ya'll. Stay tuned...