My views are quite different now. I’m pretty bearish and have been for the past year and a half. Home prices will continue to drop. [1]
Posts at ForexHound [1] and DavidLereahWatch [2] are quoting from a Money Magazine interview that does not seem to be online. Seeking Alpha expands a bit.[3]
Actually, I’m a bit relieved that twist’s old nemesis has come over to The Dark Side, but don’t economists expect their colleagues to at least say what they honestly think?
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[1]: "The Shill Owns Up", by Michael J. Panzner, Forex Hound, December 22, 2008.
[2]: "David Lereah Admits He ‘Spun’ For the Realtors. Takes Responsibility", DavidLereahWatch, December 21, 2008.
[3]: “Another Reason Not to Trust So-Called Economic Experts”, by Michael Panzner, Seeking Alpha, December 22, 2008.
John-
Did you see this comment of Lereah’s on “Lereahwatch”?
I’d love to know WHICH “most forecosts” he’s talking about. His forecasts were completely out of line with any plausible scenario.
He might admit to being a paid shill, but he has yet to fess up to being a lousy economist while he was at it.
Right you are Igor- the man is “pathetic”
twist -
The Mainstream Media took NAR as their most authoritative source for those numbers, and Lereah was in accord with them
We need more Jesuits! “Bizarre,” contributes Igor.
great video! there was another simpsons episode that started with bart on the chalkboard writing something to the effect of “i will quit telling the teacher that she paid too much for her condo.”