{"id":2043,"date":"2004-06-25T21:20:00","date_gmt":"2004-06-26T01:20:00","guid":{"rendered":"http:\/\/www.meehawl.com\/Blogfiles-wp\/?p=2043"},"modified":"2004-06-25T21:20:00","modified_gmt":"2004-06-26T01:20:00","slug":"party-like-its-1989","status":"publish","type":"post","link":"https:\/\/www.meehawl.com\/Blogfiles\/2004\/06\/25\/21\/20\/party-like-its-1989\/","title":{"rendered":"Party Like It&#8217;s 1989"},"content":{"rendered":"<blockquote><p><a href=\"http:\/\/moneycentral.msn.com\/content\/invest\/extra\/P87483.asp?GT1=3584\">Economists at HSBC on Friday waded into the debate over whether the U.S. housing market is overinflated, declaring a bubble exists, something the Federal Reserve has been reluctant to do &#8230; &#8220;Prices are 10 to 20% too high and can overshoot on the way down,&#8221; HSBC&#8217;s Morris said, most likely deflating gradually over a few years rather than crashing like stocks. &#8220;We think the party stops by mid-2005. A series of rate hikes will cause a reassessment of likely future house price risks and its associated debt, thereby triggering housing&#8217;s fall.&#8221;<\/a><\/p><\/blockquote>\n<p>Earlier <a href=\"http:\/\/www.meehawl.com\/Blogfiles\/2004_05_16_WeekArchive.php#'108508002238388440'\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists at HSBC on Friday waded into the debate over whether the U.S. housing market is overinflated, declaring a bubble exists, something the Federal Reserve has been reluctant to do &#8230; &#8220;Prices are 10&#46;&#46;&#46;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2043","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/2043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/comments?post=2043"}],"version-history":[{"count":0,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/2043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/media?parent=2043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/categories?post=2043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/tags?post=2043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}