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

To: CalculatedRisk who wrote (261957)	7/18/2010 10:28:02 PM
From: Smiling Bob	Respond to of 306849

So many green college grad retail buyers count on government data/propaganda. Same with the bulk of most corporate decisions and forecasts. In the past, they only needed go with the herd and most of the time they'll be right enough to keep their jobs. Govt tells how they prevented economic collapse, set the stage for a recovery, the recovery was inevitable, the recovery has arrived, the recovery was on track et al. Now they say we're still recovering, but more slowly than they'd like. One party or declaration is always one step behind the other They'll keep up the nonsense as long as they can, because they can perpetually promise more and better is just around the corner until the nonsense unwraps or they move on to private industry. Besides, they can easily pass the blame when their feet are held to the fire. Not only are they never held accountable for their incompetence or deceit, they get six figure advances to write books and command 100k speaking fees.