Monday, Mar 26, 2007
Smith's still not convinced about the US housing market
EconomicsUK: US housing - not dead yet
What will it take to convince this guy.
The credit cycle is turning and it looks like the US will be the first economy that will be going down.
Posted by sold 2 rent 1 @ 06:11 PM (158 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. harold said...
I'm sure he sold up his portfolio long ago - he's just paid to be a perma-bull, i.e., he's cynical like the rest of us.
2. paul said...
He's just a twat anyway.
If anyone posts anything he mildly disagrees with he deletes it. Not always straightaway but if you look back through the archive, your comments will have gone *puff*.
"Economist" really is too good a word. Hard-up hack would describe him better.
3. denzil said...
>>Smith's still not convinced about the US housing market
I wonder how convinced he is of his prediction of oil returning to $40 a barrel last year.
I respect Smith's balls in so much that he put himself right up there on a pedestal with his wild incantations. Any homeowner or borrower would have been heartened last years of Smith's suggestion of a calming rate cut. There have been three rises since. He's obviously a clever guy but like many clever guys they often can't see the wood for the trees.
4. paul said...
I don't deny that he's clever, he's just not smart enough to see past his own blinkers.
He's so spectacularly wrong, so spectacularly often that it seems to be his only redeeming feature - flying in the face of race evidence to get it consistently wrong. I'm not sure that can really be called a virtue in the field of economics.
As the saying goes, "There's only one thing worse than someone giving up on something they are bad at, and that's someone who bad but keeps going".
5. Lem said...
I'd be worried if he started saying HPC was inevitable.
6. royston said...
"There are none so blind as those who will not see"