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Why is lying about the "UCLA Anderson Forecast" predicting the crash?


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2012 Jan 23, 1:06am   2,050 views  4 comments

by dunnross   ➕follow (1)   💰tip   ignore  

The UCLA Anderson Forecast never predicted the housing crash, in the first place. What they did predict was a soft landing, without a recession, back in 2006. Also, they said that California house prices will not have a significant decline. And this is when, sales fell through the floor, and it was pretty obvious to most honest economists, that prices are ready to crash:

http://uclaforecast.com/contents/archive/media_9_06_1.asp

So, ABC News, takes a group of corrupt economists, which never predicted the extent of the recession and the housing market, and they spin their forecast to say that they predicted the crash, and then, use their new forecast of an impending recovery as a gospel:

http://abclocal.go.com/kgo/story?section=news/business&id=8422604

How much longer can we sit back and watch such corruption in our press, and keep believing these lies being spread by the mainstream media?

#housing

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1   toothfairy   2012 Jan 23, 2:48am  

of course because when you're wrong once must mean that you're always wrong. Same with being right once.

2   dunnross   2012 Jan 23, 1:23pm  

toothfairy says

of course because when you're wrong once must mean that you're always wrong. Same with being right once.

UCLA Anderson Forecast weren't just wrong once. They were predicting the bottom every single year of the crash. Yes, one year, they will be right, but, then, it will be like the "Boy who cried wolf".

3   elliemae   2012 Jan 23, 2:23pm  

dunnross says

UCLA Anderson Forecast weren't just wrong once. They were predicting the bottom every single year of the crash. Yes, one year, they will be right...

Isn't that kind of like a kid saying, "Red light change now! No - now! Now! Now! Right now!" Then the light changes and the kid says, "It worked!"

That's also a Homer Simpsonism.

4   dunnross   2012 Jan 26, 12:41am  

Test posting

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