The Morning Report
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I heard this report on American Public Media’s Marketplace yesterday:
With a dip in share prices for home accessories retailer Bed Bath & Beyond today, economists like Robert Shiller, a Yale economics professor who’s predicted more pain to come in housing, say it only makes sense. When fewer homes are selling nationwide, fewer people are going out to purchase all of the stuff to outfit a new pad.
Here’s what Shiller said on the Marketplace bit:
We can go through years of slow housing markets. And that could be years of weak performance for any of the housing accessories companies.
Bed Bath & Beyond has six stores in San Diego County.