CERF Blog

Last winter I gave a forecast to the agents of a commercial real estate company.  The forecast was necessarily negative, but it was well received by the agents.  The company’s president was another matter.  He was downright angry.  I wasn’t optimistic enough.  A very similar vignette played itself out when I gave a forecast to… Read more

Reuters has a release of new housing data. Seems sales fell in September and Augusts’ numbers were revised down. I’m amazed at the writer’s confidence that we are in “widening recovery.” The money quotes are “The housing data represented a road bump in a recovery that otherwise appears to be widening.” & “With some lingering… Read more