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« Market Multiple Compression: Revisiting a 2004 Prediction | Main | Some Objectivity on Housing »

February 15, 2007

Comments

oldprof

Hi Barry,

Thanks for elaborating. Clearly Mr. Bernanke is not watching the same motion picture as you. I am curious about two things.

First, what do you see that he does not? Second, what specific data would cause you to change your viewpoint?

Speaking of motion pictures, Steve McQueen told that joke to Yul Brynner in The Magnificent Seven -- only it was just a ten-story building as I recall.

Barry Ritholtz

A guy jumps off the top of the Empire State Building. As he goes by the 50th floor, he is heard to remark "So far, so good."

Similarly, its not that 2.0 - 2.5% is a bad number -- its that we were much higher and are now trending downwards. This is the 3rd consecutive Quarter weaker growth.

Its not the snapshot that makes me concerned -- its what the motion picture is showing.

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