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AEI Event on the Deflating Mortgage and Housing Bubble, Part II --> Nouriel Roubini Oct 12, 2007 I presented yesterday at a AEI event on Deflating Mortgage and Housing Bubble, Part II. The first event was last March when the subprime carnage was emerging; this one was a follow-up debate on what is happening now and next to housing, mortgages, subprime and the financial system. The presentations at this event - by Desmond Lachman, Thomas Zimmerman, John Makin, Chris Whalen and myself - are also available at the event site. All the presenters were very pessimistic about the worsening housing recession, about the severity of the credit crunch in mortgage markets and about the risks of an economy wide recession.
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