Three wise men

[temeculaguy]

Even geeks need rock stars. Chris I’m not saying I listen and folow in lockstep to the predictions of all economists but it is a nice temperature guage. The fact that Leamer has changed his tune and that bloomberg couldn’t find anyone to defend housing is indicative of expert sentiment. The market reacts to the experts and the media. I know what the fundamentals are and where they should be but the rest of the people in the country determine the market, not just me. Two years ago my research didn’t jive with market behavior, it took a while for a ship this large to turn around but turn around it did. Now I use economists like these to break things down like the Bush/Paulson plan down for me because I don’t have the time to do it myself. I also watch Inside the NFL, read three or four ESPN colunists and then take what I have seen with my own eyes to for an opinion, yet things happen on Sunday that I didn’t expect nor did any of my sources predict. Yet they watch more film than I do and they can offer insight that I cannot find on my own with a reasonable amount of time that I have for that pursuit. I don’t bet on football but I like the analysis and it improves my experience as a fan. I also am not involved in R/E for a living, I may buy one or two homes, but again I enjoy the analysis.

[Coronita]

I feel kinda bad. One of my relatives appears on CNBC and bloomberg all the time, and I never listen to what my relative recommends 🙂

Temeculaguy, this clip though is pretty interesting.

[Coronita]

I feel kinda bad. One of my relatives appears on CNBC and bloomberg all the time, and I never listen to what my relative recommends 🙂

Temeculaguy, this clip though is pretty interesting.

[Coronita]

I feel kinda bad. One of my relatives appears on CNBC and bloomberg all the time, and I never listen to what my relative recommends 🙂

Temeculaguy, this clip though is pretty interesting.

[Coronita]

I feel kinda bad. One of my relatives appears on CNBC and bloomberg all the time, and I never listen to what my relative recommends 🙂

Temeculaguy, this clip though is pretty interesting.

[Coronita]

I feel kinda bad. One of my relatives appears on CNBC and bloomberg all the time, and I never listen to what my relative recommends 🙂

Temeculaguy, this clip though is pretty interesting.

[patientrenter]

I’m not sure they all agreed, TG. For years, Shiller was the voice in the wilderness, saying forthrightly that home prices were an unsupportable bubble. Now he cheers government measures to support home prices, unlike the other two economists here. I can only conclude that his love of a bigger role for government in this case is greater than his love for telling the truth like it is.

I can understand this, although I think it’s a net loss for us all. For years, Shiller has pushed all sorts of new financial instruments to help improve people’s lives by insuring them against risks not currently covered by financial institutions. He is probably frustrated by private insitutions not picking up enough of his ideas and sees a brighter future for his ideas in front of a government audience. So he’s paying some govt dues now.

Patient renter in OC

[patientrenter]

I’m not sure they all agreed, TG. For years, Shiller was the voice in the wilderness, saying forthrightly that home prices were an unsupportable bubble. Now he cheers government measures to support home prices, unlike the other two economists here. I can only conclude that his love of a bigger role for government in this case is greater than his love for telling the truth like it is.

I can understand this, although I think it’s a net loss for us all. For years, Shiller has pushed all sorts of new financial instruments to help improve people’s lives by insuring them against risks not currently covered by financial institutions. He is probably frustrated by private insitutions not picking up enough of his ideas and sees a brighter future for his ideas in front of a government audience. So he’s paying some govt dues now.

Patient renter in OC

[patientrenter]

I’m not sure they all agreed, TG. For years, Shiller was the voice in the wilderness, saying forthrightly that home prices were an unsupportable bubble. Now he cheers government measures to support home prices, unlike the other two economists here. I can only conclude that his love of a bigger role for government in this case is greater than his love for telling the truth like it is.

I can understand this, although I think it’s a net loss for us all. For years, Shiller has pushed all sorts of new financial instruments to help improve people’s lives by insuring them against risks not currently covered by financial institutions. He is probably frustrated by private insitutions not picking up enough of his ideas and sees a brighter future for his ideas in front of a government audience. So he’s paying some govt dues now.

Patient renter in OC

[patientrenter]

I’m not sure they all agreed, TG. For years, Shiller was the voice in the wilderness, saying forthrightly that home prices were an unsupportable bubble. Now he cheers government measures to support home prices, unlike the other two economists here. I can only conclude that his love of a bigger role for government in this case is greater than his love for telling the truth like it is.

I can understand this, although I think it’s a net loss for us all. For years, Shiller has pushed all sorts of new financial instruments to help improve people’s lives by insuring them against risks not currently covered by financial institutions. He is probably frustrated by private insitutions not picking up enough of his ideas and sees a brighter future for his ideas in front of a government audience. So he’s paying some govt dues now.

Patient renter in OC

[patientrenter]

I’m not sure they all agreed, TG. For years, Shiller was the voice in the wilderness, saying forthrightly that home prices were an unsupportable bubble. Now he cheers government measures to support home prices, unlike the other two economists here. I can only conclude that his love of a bigger role for government in this case is greater than his love for telling the truth like it is.

I can understand this, although I think it’s a net loss for us all. For years, Shiller has pushed all sorts of new financial instruments to help improve people’s lives by insuring them against risks not currently covered by financial institutions. He is probably frustrated by private insitutions not picking up enough of his ideas and sees a brighter future for his ideas in front of a government audience. So he’s paying some govt dues now.

Patient renter in OC

[temeculaguy]

Patient, I agree, something is amuck with shiller these days. I realize that he is an academic and doesn’t want to see real pain but he has been pretty flat over the last few months. He seems to also really respect Paulson and doesn’t want to throw him down, but shiller is a bright guy and in the spirit of Chris’ post, just because I think he is off base a little doesn’t mean I should ignore him, homeboy has more than the 10% margin of I.Q. points on me. The other two were pretty entertaining, they seem to share my opinion that the bandaid should be ripped off quickly, take the quick pain and the recovery will ensue. Meddling will only postpone the inevitable, the sooner we restore order to the universe the better and perhaps we can avoid inflation and a weak dollar in the process. But I’m a jerk, I watch the forclosure numbers like a football game, feeling no sympathy and rooting for the ruin of others, karma will get me I’m sure of it. Personally I don’t agree with all that American Dream of home ownership, I’ve owned for all of my adult life with the exception of now and I’m happier than I have eve been. I was enjoying a steak at Morton’s the other day with some buddies and thinking to myself, this bitter renter lifestyle aint half bad. I was the only renter at the table and I picked up the tab, I figured it was the least I could do, I was the only one at the table not losing a thousand dollars a week in equity.

[temeculaguy]

Patient, I agree, something is amuck with shiller these days. I realize that he is an academic and doesn’t want to see real pain but he has been pretty flat over the last few months. He seems to also really respect Paulson and doesn’t want to throw him down, but shiller is a bright guy and in the spirit of Chris’ post, just because I think he is off base a little doesn’t mean I should ignore him, homeboy has more than the 10% margin of I.Q. points on me. The other two were pretty entertaining, they seem to share my opinion that the bandaid should be ripped off quickly, take the quick pain and the recovery will ensue. Meddling will only postpone the inevitable, the sooner we restore order to the universe the better and perhaps we can avoid inflation and a weak dollar in the process. But I’m a jerk, I watch the forclosure numbers like a football game, feeling no sympathy and rooting for the ruin of others, karma will get me I’m sure of it. Personally I don’t agree with all that American Dream of home ownership, I’ve owned for all of my adult life with the exception of now and I’m happier than I have eve been. I was enjoying a steak at Morton’s the other day with some buddies and thinking to myself, this bitter renter lifestyle aint half bad. I was the only renter at the table and I picked up the tab, I figured it was the least I could do, I was the only one at the table not losing a thousand dollars a week in equity.

[temeculaguy]

Patient, I agree, something is amuck with shiller these days. I realize that he is an academic and doesn’t want to see real pain but he has been pretty flat over the last few months. He seems to also really respect Paulson and doesn’t want to throw him down, but shiller is a bright guy and in the spirit of Chris’ post, just because I think he is off base a little doesn’t mean I should ignore him, homeboy has more than the 10% margin of I.Q. points on me. The other two were pretty entertaining, they seem to share my opinion that the bandaid should be ripped off quickly, take the quick pain and the recovery will ensue. Meddling will only postpone the inevitable, the sooner we restore order to the universe the better and perhaps we can avoid inflation and a weak dollar in the process. But I’m a jerk, I watch the forclosure numbers like a football game, feeling no sympathy and rooting for the ruin of others, karma will get me I’m sure of it. Personally I don’t agree with all that American Dream of home ownership, I’ve owned for all of my adult life with the exception of now and I’m happier than I have eve been. I was enjoying a steak at Morton’s the other day with some buddies and thinking to myself, this bitter renter lifestyle aint half bad. I was the only renter at the table and I picked up the tab, I figured it was the least I could do, I was the only one at the table not losing a thousand dollars a week in equity.

[temeculaguy]

Patient, I agree, something is amuck with shiller these days. I realize that he is an academic and doesn’t want to see real pain but he has been pretty flat over the last few months. He seems to also really respect Paulson and doesn’t want to throw him down, but shiller is a bright guy and in the spirit of Chris’ post, just because I think he is off base a little doesn’t mean I should ignore him, homeboy has more than the 10% margin of I.Q. points on me. The other two were pretty entertaining, they seem to share my opinion that the bandaid should be ripped off quickly, take the quick pain and the recovery will ensue. Meddling will only postpone the inevitable, the sooner we restore order to the universe the better and perhaps we can avoid inflation and a weak dollar in the process. But I’m a jerk, I watch the forclosure numbers like a football game, feeling no sympathy and rooting for the ruin of others, karma will get me I’m sure of it. Personally I don’t agree with all that American Dream of home ownership, I’ve owned for all of my adult life with the exception of now and I’m happier than I have eve been. I was enjoying a steak at Morton’s the other day with some buddies and thinking to myself, this bitter renter lifestyle aint half bad. I was the only renter at the table and I picked up the tab, I figured it was the least I could do, I was the only one at the table not losing a thousand dollars a week in equity.

[Author]

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