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Friday, April 20, 2007

Housing Bottom Callers

by Calculated Risk on 4/20/2007 06:49:00 PM

Every month, for most of the last year, we have seen some prominent economist, analyst, or government representative call the housing bottom. My only regret is I didn't keep a list of their erroneous calls!

Of course someone will eventually be correct, and maybe it will even be Treasury Secretary Hank Paulson, from MarketWatch 4/20/2007 (hat tip Anthony Fleming):

In a question-and-answer session, Paulson delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround.

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said.
This is the start of a list of bottom callers. Please post any other prominent bottom calls (not Lereah!).