Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Zhang Fei

“For which his employers fired him. “

They fired him for being right?


124 posted on 12/31/2007 5:25:10 AM PST by webstersII
[ Post Reply | Private Reply | To 6 | View Replies ]


To: webstersII
They fired him for being right?

As I understand it, the real estate industry provides funding to UCLA for the Anderson Forecast. No industry funding, no Anderson Forecast. My feeling is that while the industry likes having the Anderson Forecast issue blue sky predictions while the industry is on an up trend, it would prefer not to have the public react to predictions of multi-year declines while the industry is on a down trend. After all, markets are based in part on sentiment, and there's a lot of raw land and in-process inventory (i.e. finished and unfinished homes) riding on that sentiment.

127 posted on 12/31/2007 7:21:12 AM PST by Zhang Fei
[ Post Reply | Private Reply | To 124 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson