I believe by naysayers you mean the economists lol

This is must reading for any serious investor, economist, strategist, analyst, or observer.

Economists remind me of Meteorologists.

Excerpt from:"America's mortgage-insurance giants are making bigger profits than before the crisis"From this month's Economist:  "The fact remains that both Fannie and Freddie have emerged from the financial crisis churning out more profits before tax than they ever have before (see chart).

@Kevin Wood I guess we would have to check with the senior economist at Zillow, it is his chart.

That's what's needed to give residential construction a second wind.Since the recession ended, "it's been a rich man's housing recovery," says Carl Riccadonna, chief U.S. economist at Bloomberg Intelligence.

According to the economists I subscribe to the only way out of this is: Dow = 5000Real Estate another 20% + dropUnemployment 10-15%The only way to prevent that big of a bust from happening is to prevent that big of a bubble in the first place.

Financial economists always use more precise measures and that is why we have finance people evaluating investments...those with CFAs and finance coursework...not accountants.

Investors' behavioral "herding instinct" seeks reassurance from the analysts of Wall Street that we indeed possess wisdom, and we search to find our thoughts confirmed in The Wall Street Journal, The Economist, Business Week and Forbes.

What blogs and online data sources do my fellow armchair economists follow?