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An Antidote to Corporate Media
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TPB
2012 Jan 12, 12:41am
Yet estimates of shadow inventory, and even the definition of what constitutes shadow inventory property, vary widely. For example, the Wall Street Journal published a Nov. 11, 2011 article, “How Many Homes Are In Trouble?†where values varied from 1.6 million (CoreLogic), to “about 3 million†(Barclays Capital), to 4 million (LPS Applied Analytic), to 4.3 million (Capital Economics), to LPS Applied Analytics, to between 8.2 million and 10.3 million (Laurie Goodman, Amherst Securities).
IN an age where someone can't Fart with out a Congressional hearing. It is ridiculous, that Washington is considering selling America's greatest asset, to Investment groups. Entertaining the very idea, while at the same time there's not even a Grownup's assessment of foreclosure stock.
I fudged better Math homework assignments in the final seconds of the class bell ringing, back in my school days, than these financial titans are coming up with.
I wonder what it takes to become a financial annalist?
A block of business cards perhaps?
Is somewhere between 1.6 and 10.3 million units.
Wall Street Journal published a Nov. 11, 2011 article, “How Many Homes Are In Trouble?†where values varied from 1.6 million (CoreLogic), to “about 3 million†(Barclays Capital), to 4 million (LPS Applied Analytic), to 4.3 million (Capital Economics), to LPS Applied Analytics, to between 8.2 million and 10.3
http://www.nakedcapitalism.com/2012/01/michael-olenick-10-million-shadow-inventory-says-housing-market-is-a-long-way-from-the-bottom.html
FIGURES DON'T LIE ! BUT LIARS CAN FIGURE.
How do you know when it is time to bail out ? (strategic default)
#housing