Toilette & Douche

Managers and business owners, do you pay for advice from Deloitte? Why not go ask some homeless guy on the corner for advice instead? Surely it wouldn't be worse than this:

Economist's Corner: The Housing Bubble Myth

Issue: July 2005
By Carl Steidtman, chief economist and director, Consumer Business, Deloitte Research

[...]

When you strip away all of the white noise around a housing bubble, what you find is a robust market for housing that is undergoing several profound changes all of which manifest themselves in higher home price indexes, none of which adds up to a housing price bubble.

If that's the wisdom of their chief economist, what does that say about the mental capacity of the line-level flunkie you're paying for advice?

HT: HousingPanic.