You might be a moron if…

You think the real estate market is “nearing a bottom”.  A statement like that directly shows that you [read: a certain economic reporter for a mainstream rag] have no economic understanding of bubbles.  All bubbles over-correct.   This was the biggest bubble in economic history.  Everyday I read a few mainstream feeds in my RSS reader.  One always makes me want to blow cookies, here is today’s “Homeownership rates fall to 66% (okay) as downturn nears a bottom (Bee-s!) Link

With “reporting” like this it is no wonder 2008 took the masses by surprise.

Could this “reporter” find a bubble from her @$$.  Also catch the “reflect the worst housing downturn since the Great Depression” Bee-s.  This is the Second Great Depression.  I’m telling you, as a whole, the mainstream economic “reporters” are equally to blame for this crash and they are leading people over the cliff daily.

Link to Minsky’s bubble checklist.

You mean to tell me that Maria, who makes 1 million a year and has a net worth of 20 some million didn’t know that housing prices had declined on a nationwide basis?  I know Bernanke knew because he wrote about this in his POS book.

Nice job on calling his lie there champ.  CNB”C” is owned by who? Oh, GE I got billions in bailouts and who is the CEO? Oh Jeff I advise Oboma on jobs.