..................that I am a big fan of Bill McBride and the Calculated Risk blog. Haven't posted many of his charts lately; the really slow pace of recovery of new single-family housing construction depresses me, and I tend to avoid depressants. Anyway, here is an interesting interview with McBride (a bit dated but still relevant). Money quote:
"Why do I change my views? I don’t know, I just go where the data leads me. I think it’s better question for some of the other people is why they didn’t change theirs?"
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