Can you feel the shift?

[Bob]

Don’t know if you are addressing me or not, but if you are, let me respond by saying this. I don’t get involved in meaningless exercises making predictions. I’m much more comfortable discussing and explaining economic/real estate issues based on my years as an investor.

As for your statement about Roubini, he and about 20 other economists predicted dire consequences for the economy due to the housing bubble. But for the last few months Roubini has been all over the map with his latest series of predictions. Late in 2008 he was predicting a near depression. Then when that didn’t pan out, he predicted an “L” shaped recession. Now his latest prediction is a “U” shaped recession. Maybe next month he’ll predict a recovery by the 4th of July.

The fact is, Roubini was an informal advisor to the Obama administration and it looks like Obama took much of Roubini’s advice regarding massive government intervention as the solution to the housing crisis. Unfortunately, nowhere on Roubini’s website does he mention the future inflationary pressures his so called solutions will cause to the economy.

[Nor-LA-SD-guy]

[quote=temeculaguy]Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.

[/quote]

Actually I agree with you that we probably hit bottom in February 2009 (For T.V.).
But this Flu thing could make things iffy in the short term,

But this at least gives the WHO time to come up with a vaccine by next flu season so maybe it was good timing for this to come now instead of next December.

But wait who’s on first, WHAT, WHO!!, yes he on first…

[Nor-LA-SD-guy]

[quote=temeculaguy]Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.

[/quote]

Actually I agree with you that we probably hit bottom in February 2009 (For T.V.).
But this Flu thing could make things iffy in the short term,

But this at least gives the WHO time to come up with a vaccine by next flu season so maybe it was good timing for this to come now instead of next December.

But wait who’s on first, WHAT, WHO!!, yes he on first…

[Nor-LA-SD-guy]

[quote=temeculaguy]Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.

[/quote]

Actually I agree with you that we probably hit bottom in February 2009 (For T.V.).
But this Flu thing could make things iffy in the short term,

But this at least gives the WHO time to come up with a vaccine by next flu season so maybe it was good timing for this to come now instead of next December.

But wait who’s on first, WHAT, WHO!!, yes he on first…

[Nor-LA-SD-guy]

[quote=temeculaguy]Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.

[/quote]

Actually I agree with you that we probably hit bottom in February 2009 (For T.V.).
But this Flu thing could make things iffy in the short term,

But this at least gives the WHO time to come up with a vaccine by next flu season so maybe it was good timing for this to come now instead of next December.

But wait who’s on first, WHAT, WHO!!, yes he on first…

[Nor-LA-SD-guy]

[quote=temeculaguy]Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.

[/quote]

Actually I agree with you that we probably hit bottom in February 2009 (For T.V.).
But this Flu thing could make things iffy in the short term,

But this at least gives the WHO time to come up with a vaccine by next flu season so maybe it was good timing for this to come now instead of next December.

But wait who’s on first, WHAT, WHO!!, yes he on first…

[Author]

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