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**wreckonomics** · (This post was last modified: 01-27-2013, 08:16 PM by wreckonomics.)

An oldie but a goody, this one dates back almost a year ago but is too good not to archive.

Quote:"In our view, the national housing market is more like a balloon than a bubble," the bank said. "While bubbles always burst, a balloon often deflates slowly in the absence of a pin."

- BMO Chief Economist Sherry Cooper Jan 30 2012

..and a visual to go along with it:

[Image: attachment.php?aid=17]

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