Time to kick 'em when they're down. Here's Tom Adkins, REMAX realtor, and Mike Norman on Fox News a year ago saying home prices would soar 10% in '07

How does this Adkins freak get on Faux? Is it the 70's hair? Is it the wild spin, disinformation and lies? How is this jerk an "expert"?

You'll also love Mike Norman, the "Economic Contrarian", who agreed with the REMAX hack that homes would soar 10% this year, and that there was no problem in the mortgage market. Whoops! That advice didn't sound very "contrarian" to me.

But hey, what do you expect from Faux Business. At least they had the sense to have Schiff on, who looks like a genius, especially when bookended against these two discredited goobers. It'd be great if they had all three back on, replayed this video, and had them comment. But that would be responsible journalism. Not gonna happen.

Watch the video, have a good laugh, then feel free to visit Adkins' website and send him a note or give him a ring. You can mock Mike Norman personally by visiting his website and contacting him here. Let us know what you had to tell 'em. Be nice.

Has the monkey-run Pravda-like National Association of REALTORS(R) completely lost control now?

More Jim Cramer on CNBC yesterday, commenting on the monkey-run NAR asking for a "correction" to his report on the Today Show that if you bought a home today you'd lose money:

"Well that's a good organization (the NAR). You know what they remind me of, that organization that wants a correction (from me)? Pravda when they covered the Kremlin. Occasionally there were disputes. But typically Pravda took the Kremlin line. Occasionally someone got out of line, I didn't see it."

"They've got the whole Denny's Grand Slam on their face. They've got the four-stack"

"The National Association of Realtors is saying now's a good time to buy. That's interesting, cause I think they've said that for, how many years have they been in existence?"

Discredited REIC hack Nicholas Retsinas of the Harvard Joint Center for Housing Studies gets slapped with cold hard housing reality

I guess now that the checks (and cash?) he was receiving from his failing REIC masters (homebuilders, lenders, etc) are bouncing, he feels like he should try to gain back some credibility and admit to the crash underway. Nick - nice try. Too late.

But still good progress since just a few months ago, when this discredited hack was calling HP'ers "Chicken Littles" and "Cassandras", and telling anyone who'd listen that the housing market would be A-OK.

Here's the hack a few months ago, perhaps at REIC gunpoint:

The headline hints of catastrophe: a dot-com repeat, a bubble bursting, an economic apocalypse. Cassandra, though, can stop wailing: the expected price corrections mark a slowing in the rate of increase - not a precipitous decline. This will not spark a chain reaction that will devastate homeowners, builders and communities. Contradicting another gloomy seer, Chicken Little, the sky is not falling.

Idiot. Guess Econ 101 wasn't part of his education.

Now here's Retsinas and his new post-crash spin:

"The housing market faced a series of body blows over the past year: overbuilding, overappreciation, investors, tightening credit and the subprime-loan implosion," said Nicholas Retsinas, director of the Joint Center for Housing Studies at Harvard University. "No question, the last shoe to drop is going to be foreclosures."

Welcome to HP Retsinas. And oh, we're still waiting for an apology...

Suzanne and Nicholas Retsinas - the two biggest jokes of the housing bubble and crash

I'm not sure what I like looking back on more, now that we know what we know - the Suzanne video, or Nicholas Retsinas' (of the discredited and corrupt Harvard Joint Center for Housing Studies) hilarious and mistimed diatribe against HP'ers and "Chicken Littles"

Suzanne and Nicholas, well done! HP'ers - any other nominees for biggest joke of the housing bubble & crash? List 'em here.

So here's Suzanne and Nicholas. What a nice couple! Enjoy!

The housing wail

by Nicolas P. Retsinas September 24, 2006

"HOUSING BUST AHEAD." The headline hints of catastrophe: a dot-com repeat, a bubble bursting, an economic apocalypse.

Cassandra, though, can stop wailing: the expected price corrections mark a slowing in the rate of increase -- not a precipitous decline. This will not spark a chain reaction that will devastate home owners, builders, and communities.

Contradicting another gloomy seer, Chicken Little, the sky is not falling. Let me alleviate some fears.


And now here's Suzanne, in all her glory: