He went from “prices will NOT decline, but will stay flat until fundamentals catch up”, to “prices will drop 10%”. He is a lagging economist. He waits until stuff has happened, then tells us about it. How did he ever get so popular???????
I can give better forecasts than he can. I say prices will drop 35%, and we are heading into a recession.
I wonder, seriously, why he has so many followers. He had one good forecast, and people still remember that. Ever since, he’s been lousy.