April 13, 2006 at 5:30 PM #6486powaysellerParticipant
How many economists understood we were in a housing bubble in 2003, 2004? If they didn’t know it and write about it at least 2 years ago, they are really bad at their jobs.
I’ll start a list, and I would love others to add to it. I am anxious to read the views of insightful, honest economists. If they wrote about the housing bubble in 2003, then I can consider what they say today. The rest of them, like NAR’s economist, Alan Gin, government economists, are cheerleaders for their organizations, so reading their work is just a waste of time.
Those guys saw it, wrote about it, and they are the only ones who have my attention going forward.
List of Competent Economists:
Robert Shiller, John Talbott, Economist magazine, itulip.com, Warren BuffettApril 13, 2006 at 5:39 PM #24203BugsParticipant
Dare I say it? Professor Piggington!!April 13, 2006 at 5:41 PM #24204powaysellerParticipant
oops – how could I forget our fearless leader! Shame on me.April 13, 2006 at 5:52 PM #24205JPParticipant
Paul Krugman was writing about the bubble certainly by May2005
That was just a quick google search. (His Aug 2005 article described the situation today pretty well.) I wouldn’t doubt that there’s something earlier.April 14, 2006 at 1:19 PM #24230daveljParticipant
yeah, i think grantham’s THE best. his methodologies and conclusions are so sound and logical it’s scary. every serious student of finance and economics should read everything he writes… three times.
stephen roach at morgan stanley is also pretty good. one of the very few bulge bracket economists worth reading.
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