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Note: It is not my intention to embarrass Mr. Kudlow, rather to simply show why his analysis was wrong (typical of many back in 2005) - and why the “housing bears” were correct.Back in June 2005, Larry Kudlow wrote: The Housing Bears Are Wrong Again “If [the housing bears] had put a little elbow grease into their analysis, they would have learned that new-housing starts for private homes and apartments haven’t changed much during the past three and a half decades. …
Original Source: feeds.feedburner.com/CalculatedRisk
25 May, 2008| housingblogs |
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