Comments on: It’s All the Negative Media, Stupid… http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/ News and views about real estate in Greater Hartford Sat, 22 Nov 2008 07:08:01 +0000 http://wordpress.org/?v=2.6.1 By: sujal http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2058 sujal Sat, 02 Feb 2008 17:13:10 +0000 http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2058 BTW, Wesbury writes for the American Spectator, too. He is appearing in the WSJ Op Ed section because of that connection as much as anything else. Hope he's right, but it's hard to accept the article without reviewing the statistics closely, which I don't have time to do... BTW, Wesbury writes for the American Spectator, too. He is appearing in the WSJ Op Ed section because of that connection as much as anything else. Hope he’s right, but it’s hard to accept the article without reviewing the statistics closely, which I don’t have time to do…

]]> By: sujal http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2038 sujal Fri, 01 Feb 2008 17:34:47 +0000 http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2038 Perhaps... I just think it depends on whether the amount of equity withdrawn from home values is significant. Some estimates have this at close to 8% of aggregate disposable income across the country. If that were to disappear... that's a big number. (http://calculatedrisk.blogspot.com/2008/01/advance-q4-mew-estimate.html). It ultimately depends on whether examples <a href="http://www.irvinehousingblog.com/2008/01/21/pretending/" rel="nofollow">like these</a> were widespread. This doesn't even begin to consider the price of oil and other commodities, all of which are pricing higher, and the weakness of the dollar, which threatens our ability to do, well, everything. I guess exports could make up for this, but there's a suddenness to this, and we're only beginning the corrective changes on the mortgage side of the world (Countrywide and Chase just tightened HELOC LTV requirements, for example). Let's just say I hope you're right, but that I don't think the media should hide these numbers or not talk about the volume of negative indicators that are going off. Sujal Perhaps…

I just think it depends on whether the amount of equity withdrawn from home values is significant. Some estimates have this at close to 8% of aggregate disposable income across the country. If that were to disappear… that’s a big number. (http://calculatedrisk.blogspot.com/2008/01/advance-q4-mew-estimate.html).

It ultimately depends on whether examples like these were widespread.

This doesn’t even begin to consider the price of oil and other commodities, all of which are pricing higher, and the weakness of the dollar, which threatens our ability to do, well, everything.

I guess exports could make up for this, but there’s a suddenness to this, and we’re only beginning the corrective changes on the mortgage side of the world (Countrywide and Chase just tightened HELOC LTV requirements, for example).

Let’s just say I hope you’re right, but that I don’t think the media should hide these numbers or not talk about the volume of negative indicators that are going off.

Sujal

]]> By: Amy http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2006 Amy Fri, 01 Feb 2008 01:17:29 +0000 http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2006 I don't know, he seems pretty grounded to me... http://en.wikipedia.org/wiki/Brian_Wesbury although it does point out that he is known as an optimist. I actually think we are in a (small) recession right now. I believe the media is pushing us towards a large recession with all of the negative reports. I don’t know, he seems pretty grounded to me… http://en.wikipedia.org/wiki/Brian_Wesbury although it does point out that he is known as an optimist.

I actually think we are in a (small) recession right now. I believe the media is pushing us towards a large recession with all of the negative reports.

]]> By: sujal http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2003 sujal Thu, 31 Jan 2008 23:51:29 +0000 http://www.amybergquist.com/blog/2008/01/31/its-all-the-negative-media-stupid/#comment-2003 While I agree with the sentiment, I can't trust the Wall Street Journal OpEd pages for anything. The news organization there is great, but the editorial section is a bunch of ideologically driven non-wonks. Too many indicators are going off that say we're headed to a recession... the big question is whether it's big or small... While I agree with the sentiment, I can’t trust the Wall Street Journal OpEd pages for anything. The news organization there is great, but the editorial section is a bunch of ideologically driven non-wonks.

Too many indicators are going off that say we’re headed to a recession… the big question is whether it’s big or small…

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