I have to say that in the course of any given day, I seem to read a lot of bad statistics and questionable conclusions. Consequently, when my oldest daughter [A huge fan of "The Onion"] shared the following with me, once my sides stopped hurting, I knew I had to post it.
Maybe these guys can replace Lawrence Yun if he doesn’t last!
Ohio Fraudclosure
Mish's Global Economic Analysis
Bubble Meter
Northern Virginia Housing Bubble Fallout
UK House Bubble
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
I love the Onion too Twist. One of my favorite statistical jokes they did is when they found out that the Census Bureau did not know how many people worked for them. Very funny stuff, I shared it with some fellow statisticians that I know and found that like half did not get the joke. Which was even funnier.
WASHINGTON, DC—According to 2004 figures released by the U.S. Census Bureau, between 9,000 and 15,000 people work at the Census Bureau. “It is difficult to obtain an accurate figure on Census Bureau employees, because workers frequently move from department to department,” U.S. Census director Charles Kincannon said. “Also, many supervisors failed to return the mail-in forms that asked them to list how many employees they have.” Kincannon warned all census-bureau employees to take the census-bureau census more seriously, under penalty of law.
Metro-
All of a sudden, the problem with Census Bureau reports has become clear to me. : )
What gets me almost daily is that I know that somewhere must be an obscure financial analysis manual with the following methodology:
Look at data and find lowest value. If lowest value is the most recent one- the market has bottomed.
It’s the only explanation I see for the recent rash of “We have bottomed” articles.
Sounds like a good explanation to me, nothing else makes sense. I mean if you take what they have said over the last 6 months, you could only conclude 2 things;
One, that they are bad at predictions, especially bottoms.
Two, that they are obviously trying to be good cheerleaders in the face of obviously bad news.
Twist -
Mrs. M couldn’t believe this story, link supplied by CRisk’s DoomsayerRenter who credits housingbubble.com’s newspage, wasn’t an Onion piece. It has the odd premise, slightly unnerving picture, vaguely outlandish names for everything, the whole nine yards. See if your daughter thinks it’s real. If it is a practical joke, it’s an awfully good one.
“Realtors attend worship service to pray for better market”, by Keri Holt, Northwest Florida Daily News, June 20, 2007.
John-
A quick online search showed that Pastor Vaggalis and his church are real and that Buddy Runnels is in fact with Cornerstone Development- so I’m going to guess that the rest is real as well.