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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (215591)	8/13/2009 5:16:38 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

We're seeing plenty of this already, with companies already upping guidance based on falsified data(green shoots out the wazoo) being given by the same sources that we're being overly optimistic on the way down. How dumb can they be? If the cited experts got it totally wrong on the way down and are as reliable as a chimpanzee's algebra test results, why would they continue to plan based on skewed and biased data? ---- “There are a few countries that have not dismissed people, they had a dramatic drop in their sales but they kept on people because they believed the recession would be very shallow,” Walter said. “They now have to fire people. That will increase unemployment and they therefore, of course, may be endangering retail sales in some countries.