Christopher Thornberg Market Quotations

The markets are starting to cool, and everyone says we may be sliding down the backside of a hill.

By the middle of the year, the cooling real estate market will take a bite out of employment growth everywhere. The question is, can other sectors of the economy pick up the slack? That is a big mystery right now.

We say it's a bubble, but a housing bubble does not pop like a stock market bubble, ... A stock market bubble, when it pops, lots of market activity, prices dropping rapidly. Housing prices don't drop that way because there's a huge fixed cost. You don't day-trade your home.