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


To: Stefan who wrote (80602)12/5/2012 1:31:08 PM
From: NOW  Respond to of 119360
 
economics is not science
anyone who thinks it is is nuts
consensus alone does not make science either will grant you.



To: Stefan who wrote (80602)12/5/2012 1:45:36 PM
From: yard_man3 Recommendations  Respond to of 119360
 
>>Most "respected" economists in 2008 believed that the housing market was not in the bubble. How do you explain the results?<<

They're idiots??

There is a small minority that knew what was going to happen -- just like everyone else on this thread.

Economics IS a SOCIAL science -- so folks discount it as a science altogether because the techniques used in physics or chemistry don't apply. H*ll, most of the quantitative types in economics are just plain f'n crazy -- thinking they can figure anything out with their regression analyses!! total BS.