Thursday, October 26, 2006

NewsBlogger Paper Money versus David Lereah!

Yesterday, Paper Money got a very nice citation and link-back in an article entitled “Fed Keeps Interest Rate Steady As Home Sales Fall” written by Martin H. Bosworth of

In a classic “quote counter-quote” exchange, Bosworth positions this very blog as the “skeptical” response to the National Association of Realtors Chief Economist, David Lereah’s statements regarding yesterdays existing home sale report.

It’s certainly refreshing and even an important milestone to see the traditional media report the hyper-optimistic guidance of one of the real estate industry’s most notable bulls juxtaposed a healthy does of reasonable skepticism and alternative analysis.

Thanks Martin and for the excellent coverage.

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