Lawrence Yun, Lereah's Successor has a Blog Watching Him
David Lereah's Successor, Lawrence Yun, now has a blog watching him. Good job Keith from Housing Panic for setting this up.
David Lereah is the former Chief Economist and Senior VP of the National Association of Realtors (NAR). Between 2001 and 2007, Mr. Lereah regularly made statements regarding the housing bubble. The media regulary turned to him for real estate quotes. He was very influential. Mr. Lereah tells half truths and manipulates facts and figures. He cannot be trusted as he was a paid shill.
7 Comments:
Hahahahaha.
let the games begin.
Nice joke!keep joking...
http://www.Johnbecksamazingprofits.com/
Lereah interviewed by mortgage trade magazine:
http://www.scotsmanguide.com/dlereah
Just a a sideline, Yun does not yet have a Wikipedia entry. As the Blog founder, David should probably have first crack...
If a man comes to your front door and says he is conducting a survey And asks you to show him your bum, do not show him your bum. This is a scam. He only wants to see your bum. I wish I had got this yesterday. I feel so stupid and cheap. -The Bum http://www.widgetmate.com/posters Some of the best images available for free.
As for the 'guy' drawing 'support lines' on an economic activity chart.... I think he is confused. Economic time series conform to different rules than panic-struck investors in stocks and bonds.
Guess he should keep to the ridicule game and stop tyring to say anything himself that HE might get ridiculed for...Looks like he is at risk.
Remember they call them 'smarty pants' because THAT's where their brains are
So you try making the forecast. How much lower smart guy???
...an anonymous economist
DUDE
In an interview, Mr. Lereah, now an executive at Move Inc., which operates a real estate Web site, acknowledged he had gotten it wrong, saying he did not fully realize how loose lending standards had become and how quickly they would tighten up again this summer. But he argued that many of his critics have also been proved wrong, because they were bearish as early as 2002.
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