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2019 or bust!
October 25, 2007
Future Bright, But A Ways Off
On the positive side, Moody's Economy.com chief economist Mark Zandi strongly believes that the bottom in new-home sales is hitting now, the fourth quarter of 2007.
"It's going to be so bad, that it's going to be hard to be even worse in the first quarter of 2008," Zandi said at the National Association of Home Builders 2007 Fall Construction Forecast Wednesday in Washington.
On the down side, this comes from a guy who bought a house in Vero Beach, Fla., in the last year, thinking that he was buying at or near the bottom of the market. Oops.
"I caught the falling knife," Zandi said of his recent home purchase.
"It's going to be so bad, that it's going to be hard to be even worse in the first quarter of 2008," Zandi said at the National Association of Home Builders 2007 Fall Construction Forecast Wednesday in Washington.
On the down side, this comes from a guy who bought a house in Vero Beach, Fla., in the last year, thinking that he was buying at or near the bottom of the market. Oops.
"I caught the falling knife," Zandi said of his recent home purchase.
October 11, 2013
Written Testimony of Mark Zandi
The private economy is on the verge of stronger growth, more jobs and lower unemployment.
That Mark Zandi, what a hoot!
See Also:
The Big Picture: The Abysmal Track Record of Moody’s Mark Zandi
Source Data:
St. Louis Fed: Custom Chart
CR finds him credible enough to quote on his blog, about the bright, bright future of course.
ReplyDeleteI guess everyone can make a mistake, or two, or a dozen, as long as you are an economist.
Mr Slippery,
ReplyDeleteTen Mistakes for Physicists to Avoid
11. Mark Zandi
Ba dum tssshhh
That's just mean. Sorry about that, lol. :)
Here's an alternate sound effect that may more closely match the heckle intended.
ReplyDeleteI just did it again. Sorry! ;)
The famous Siegel sound! That indicates the arrival of a new forecast or opinion.
ReplyDeleteMr Slippery,
ReplyDeleteThe famous Siegel sound! That indicates the arrival of a new forecast or opinion.
LOL!
The Sigelhorn:
* Popular
* Riders Face Backward
* Uses Cartoon Physics
* Provides Thrills and Chills
The Matterhorn:
* Popular
* Riders Face Forward
* Uses Actual Physics
* Provides Thrills and Chills
I'm tellin' ya! Disneyland needs a sister ride! Fun for the entire family's 401k!
Zandi, like so many other mainstream eCONomists, is first and foremost a shill/propagandist. It's amazing that this isn't obvious to all by now.
ReplyDeleteEven when mainstrean eCONomists give honest opinions, they deceive by obfuscating the true underlying reasons for their optimism. Buffett practices this form of deceit regularly.
The dishonest thrive in a system founded on deceptions.
mab,
ReplyDeleteZandi, like so many other mainstream eCONomists, is first and foremost a shill/propagandist. It's amazing that this isn't obvious to all by now.
He's the worst kind of con man. He believes his own pitches! That's the only way one could explain Zandi buying Florida real estate near the height of the Florida real estate bubble!
Rational critters know: Don't @#$% where you eat!
Rational drug dealers know: Don't abuse your own @#$%!
I'm not sure what rational economists know. Can't find enough to ask.
I find it amusing that about the only economist I do trust has shill right in his name.
I'm not sure what rational economists know.
ReplyDeleteThey know where their bread is buttered! They either get bullish or they're out.
48 million on food stamps. So many with negative net-worths. So many with zero wealth. I won't even mention that our prisons are overflowing or the ongoing erosion of privacy & civil rights......all for our own protection of course.
If I didn't know better, I'd think we have Zero Wealth Policy (ZWP)for the majority. The policy seems to be working flawlessly.
And yes, Zandi appears to believe his own bullsh%t. But that part isn't important. As long as they're bullish, they can be mainstream.
Ever notice how the mainstream naysayers like Jim Rogers and Marc Faber always look like dopes? It's not an accident. It's all part of the script.
And "who" are the script writers?
mab,
ReplyDeleteEver notice how the mainstream naysayers like Jim Rogers and Marc Faber always look like dopes? It's not an accident. It's all part of the script.
I gotta wear this bow tie in order to be on the show? Seriously?
I gotta put my hair in a pony tail to be on the show? Seriously?
Nope. Never noticed.
This Cramer video is truly "one of the great ones"!!!!!!
ReplyDeletehttp://www.youtube.com/watch?v=Lo77x4VeoQE
mab,
ReplyDeleteCramer's currently being Dykstra'd!
CNBC Has Lowest-Rated Quarter in 20 Years
The following shows all saw their lowest-rated quarter ever in the demo: Squawk Box (6-9a), Power Lunch (1-2p), Street Signs (2-3p), Fast Money (5-6p) and Mad Money (6-7p).