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