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Wow, when a delicious idea that probably affect a large tract of traditional media readership hits, things really heat up. No, I'm not talking about the overhot property market specifically pointed out by many, including Alan Greenspan. I'm referring to the barrage of media coverage itself about this situation. By example, Is Your House Overvalued? - New York Times: a new report on home prices this week suggested that he might have been understating the situation . . .; and Hear a Pop? Watch Out - New York Times.
When the general media starts heating up with expert analysis of wealth, property, and financial expertise all at the same time (like sharks in the water), better look for "a bigger boat." [That was a poor allusion to "Jaws" just to carry the metaphor. Oh well.]
Posted by Grayson at May 30, 2005 07:54 AM