Tuesday, January 08, 2008

Carpe Diem on CNBC's "Kudlow and Company"

The CD graph above (from this recent CD post) was featured last night on CNBC's "Kudlow and Company." Here is a video link of the 14-minute segment, the discussion of the graph above occurs at about 4:30.


At 1/08/2008 10:09 AM, Anonymous Anonymous said...

Nice chart but what caught my eye was the segment titled Recession Risks & Remedies
A recession now could be more likely than not, with Martin Feldstein, National Bureau of Economic Research; Secretary Treasury Henry Paulson; CNBC's Steve Liesman & Joe Kernen

Watching the above segment just makes me shake my head in disbelief. I can't believe that those people who claim to not have seen the current economic crisis coming are actually getting paid.

If history repeats itself as it tends to do from time to time we will see broad public acknowledgment that the economy is heading toward a recession long after the economy is actually in a recession.

At 1/08/2008 2:15 PM, Anonymous Anonymous said...

Interesting graph despite the lack of representation of the "Alt-A" and "Prime Option ARM" segments that I assume reside inside the "Prime" segment.

The real question NOT capture in this graph is the degree to which "Sub-Prime", "Alt-A", and at least some of the "Option ARM" financed buyers, over the 2003 through first half of 2007 period, drove up (and sustained) housing prices way beyond levels that would have been achieved without the poor underwriting/ill-conceived mortgage product environment fostered by the securitization driven mortgage market that is no more.

Food for thought.

At 1/09/2008 9:02 AM, Anonymous Anonymous said...

Recession is here. Has Kudlow admitted that? For months he has been in denial about the American economy. Glad I think of him as a mediocre entertainer and not a financial wiz.

At 1/10/2008 12:04 PM, Anonymous Anonymous said...

This is a good graph. Would be nice to see a breakdown of the rentals (how are those owned?). Are the rental houses double counted (e.g. if the rental is financed with a prime mortgage, is it in both bars)? Is this a graph for just immediate households?


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