Sunday, April 20, 2008

Does anybody know what they're talking about...

First it was "The housing boom will continue."

Then it was, "Housing prices won't climb as fast as in the past, but they will continue to rise at more reasonable levels."

Then it was, "Housing prices won't climb, but they will plateau. Don't expect a drop."

Then it was, "Housing prices will drop but not sharply."

Then it was, "Housing prices are dropping sharply, but it shouldn't affect the broader economy."

Then it was, "The housing crash will affect financial stocks but not the broader stock market."

Then it was, "The housing crash will affect the broader stock market, but it's not a recession."

Then it was, "OK, it's a recession, but it will be short and shallow."

WTF?

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