There's a Sucker Reborn Every Minute

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD8IzA88jQmFV3KLfRFIQw-G5dEVGUGwpvqwtqxzR1MdJ5QRtJH_Qmm_OCP3tsrjigygjIUAmb9riqFsUJnsFEeLnZYp0UKFh9xiWWXL_dcWejWf8avnooZDejEbTXzxfJ_8UiwCprajw/s1600/Real+Home+Price+Index+for+Las+Vegas+and+Miami.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD8IzA88jQmFV3KLfRFIQw-G5dEVGUGwpvqwtqxzR1MdJ5QRtJH_Qmm_OCP3tsrjigygjIUAmb9riqFsUJnsFEeLnZYp0UKFh9xiWWXL_dcWejWf8avnooZDejEbTXzxfJ_8UiwCprajw/s320/Real+Home+Price+Index+for+Las+Vegas+and+Miami.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />2019 or bust!<br /><br /><b>October 25, 2007</b><br /><a href="http://www.builderonline.com/economic-conditions/future-bright-but-a-ways-off.aspx">Future Bright, But A Ways Off</a><br /><div style="color: #666666;"><br /></div><div style="color: #666666;"><i>On the positive side, Moody's Economy.com chief economist <span style="color: red;">Mark Zandi strongly believes that the bottom in new-home sales is hitting now, the fourth quarter of 2007</span>.<br /><br />"It's going to be so bad, that it's going to be hard to be even worse in the first quarter of 2008," Zandi said at the National Association of Home Builders 2007 Fall Construction Forecast Wednesday in Washington.<br /><br />On the down side, <span style="color: red;">this comes from a guy who bought a house in Vero Beach, Fla., in the last year</span>, thinking that he was buying at or near the bottom of the market. Oops.<br /><br />"I caught the falling knife," Zandi said of his recent home purchase.</i></div><br /><b>October 11, 2013</b><br /><a href="http://cr4re.com/Zanditestimony.pdf">Written Testimony of Mark Zandi</a><br /><br /><div style="color: #666666;"><i>The private economy is on the verge of stronger growth, more jobs and lower unemployment.</i></div><br />That Mark Zandi, what a hoot!<br /><br /><b>See Also:</b><br /><a href="http://www.ritholtz.com/blog/2010/09/zandi/">The Big Picture: The Abysmal Track Record of Moody’s Mark Zandi</a><br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=nx3">St. Louis Fed: Custom Chart</a>

There's a Sucker Reborn Every Minute

Click to enlarge. 2019 or bust! October 25, 2007 Future Bright, But A Ways Off On the positive side, Moody's Economy.com chief economist...

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