Cheaprealty.net

These two wide ranging interviews cover the psychological elements of the credit crisis, as well as the new interconnections between nations that are causing the crisis to travel around the globe. Some ideas about damage mitigation are explored. Robert Shiller argues in favour of a bail-out, but one with long term vision that will not result in a pattern of future bail outs - a bigger new deal, that will smooth over these troubles. Problems like the securitization and the lending with adjustable mortgages to people who couldn't afford the adjustments - to prevent future problems, people should get disinterested financial advice that could prevent similar problems from developing.

Robert Shiller makes some up to date comments on the current situation for housing in the US. Wish I could ask him what he expects for Victoria in the near future.