Lereah and his fellow housing industry economists don't come out unscathed. Critics say they generated unfounded optimism that the housing market would soar perpetually.I had a 25 minute interview with the reporter for this story. She ended up quoting something that was already published on the David Lereah Blog. The housing industrial complex need to be challenged. David Lereah and the National Association of Realtors have been engaging in digraceful behaviour.
"In October 2005 Lereah was busy calling the bubble believers `Chicken Littles,'" goes one post in a blog dedicated to criticizing the economist, davidlereahwatch.blogspot.com. "Many of the predictions espoused by the `Chicken Littles' are fast becoming closer to reality. ... David Lereah has lost credibility because of his irresponsible cheerleading."
Tuesday, September 12, 2006
David Lereah Watch Makes Chicago Tribune Article
My spinoff blog, The David Lereah Watch, made it into the mainstream media. Here is an excerpt from a Chicago Tribune Article: