[quote=DWCAP]”I always wonder how reasonable economic expectations and standard accounting became ‘doom and gloom.” [/quote]

You are not a doom-and-gloomer if things truly are as crappy as you state in your argument…you are a realist. The “optimists/delusionists” like Greg Smith are so much worse than their counterparts who said that we were in a RE bubble back in 2004, before the peak had come and gone.

Greg Smith has displayed gross impropriety and conflict of interest by whoring out his stature as a “respected public official” for the benefit of the RE industry. He is the epitome of our corrupt system of government and should be removed from office and brought up on charges. Who am I fooling? That would only occur in a system where the people think critically and actually give a crap about what goes on outside of the headlines from E! News.