Thursday, February 26, 2009

"Expert" Quote of the Day

We would like to direct our reader's attention to the following quote from Steven Wood, an analyst at Insight Economics. When asked to provide his assessment of the US housing market, Mr. Wood chose to grace us all with this insightful and prescient analysis:
"A sustained recovery in the housing market is unlikely until home prices stabilize"
The fact that a majority of middle school students would have been capable of producing the previous statement aside, we feel that this comment is indicative of the "experts" utter cluelessness within the current economic environment. 
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