It's time to watch this classic Fox News Peter Schiff video where he goes against RE/MAX's Tom Adkins and blowhard Mike Norman. Guess who was right?

I love this video from 2006. Adkins and Norman are so completely and arrogantly wrong, I don't know why anyone would EVER go to them for financial advice again. Their careers should be over, but I would guess that's already been taken care of.

A special note for Mike Norman: Sir, not only are you an as*hole, blowhard and a jerk, but you're a discredited hack who should never work in the financial realm ever again. You're toast.

A special note for Tom Adkins: Nice hair.

And to Peter Schiff - thank you, you are a man of patience and class to go up against ignorant yahoo's like these two and keep your cool.

The fools from the NAR just won't stop yapping

Guys, when you find yourself in a hole, quit digging.

Real estate clerks of America - can't you do anything to either shut these fools up, or at least give them some talking points that reflect reality?

They're making your profession more and more of a joke (is that possible?) every day.

NAR President Pat V. Combs said in a statement that the flattening in home prices is encouraging.

"It appears the worst of the price correction is behind us," she said. "More stable home prices and declining mortgage interest rates are increasing buying power, which should encourage potential buyers who've been on the sidelines."

NAR's senior economist, Lawrence Yun, also took an optimistic view of the report. "Essentially, we see that the existing-home market is stabilizing in a broad cyclical trough and moving in the right direction," he said in a statement.

Trust the "experts" - there was no housing bubble. It's different this time! All will be fine!

They all sounded so convincing at the time, didn't they HP'ers? The MSM sure thought so. Millions of Desperate Homedebtors sure hoped so. But alas, they were a parade of fools, some corrupt, some stupid, and all wrong.

First, you have the NAR's anti-bubble realtor spin instructions, which are still up on their website:

These downloadable 10-page reports show that the facts simply do not support the possibility of a housing bust -- not for these 135 markets and not for the nation

And The Corrupt David Lereah from January 2006:

"The level of home sales activity is now at a sustainable level, and is likely to pick up a bit in the months ahead."

Then there was the idiot MSN columninst Jim Jubak in June 2005 with this gem:

Why there is no housing bubble. The sky is not falling. Yes, home prices are sky-high, but we really don't have a housing bubble that is anywhere near bursting.

And of course, you have NAR-poodle Nicholas Retsinas at the corrupt Harvard Joint Center for Housing Studies boldly proclaiming in 2002:

Bubbles, of course, do burst; but housing is not a bubble akin to tulips or to Enron or other corporate scandals. It is a concrete product -- a place where people live. And as anybody who has sold or bought a house can attest, it is not an easily fungible commodity.

And Dr. James Smith, the dimwitted and corrupt chief economist for the Society of Industrial and Office realtors, pontificated in April 2005:

There Is No Housing Bubble in the USA - There is no evidence of a housing “bubble” in the United States and housing demand should stay strong for years to come.

And finally, Donald Trump's little play thing Kendra Todd:

"You can't go anywhere without hearing people talk about "the real estate bubble." Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs."

I hope Americans know a fraud, a liar and a con-man next time they see one. The housing bubble sure brought out the bunch of 'em. And some are still at it. But their day is done. It's over.