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Call It Wishful Thinking

Posted on August 27, 2008

Today's guest post comes from Mark Thoma, who labors tirelessly in the pacific Northwest. Mark is a Professor of Economics at the University of Oregon, where he also pens the well regarded blog, Economist's View.In today's guest commentary, Mark hits upon a subject near and dear to our hearts, the perennial Housing bottom callers. (see our earlier discussion of the anti-Cassandras).Without further adieu . . . In the news today, I've been hearing once again that we are near the bottom of the housing cycle, the inevitable bottom call. For example, though the more optimistic analysts are a lit...

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