Is Ex DB Analyst Karen Weaver a Discredited Hack?
Started by The_President
over 15 years ago
Posts: 2412
Member since: Jun 2009
Discussion about
When will Weaver admit that she has been totally wrong? First she predicted last year that the number of underwater homeowners would hit 50% by the end of 2010. The current figure is 21.5% according to Zillow, DOWN from 23% last year. http://finance.yahoo.com/techticker/article/299149/Half-of-US-Homeowners-Will-Be-Underwater-by-2011 Second she predicted massive price declines in NYC. She predicted... [more]
When will Weaver admit that she has been totally wrong? First she predicted last year that the number of underwater homeowners would hit 50% by the end of 2010. The current figure is 21.5% according to Zillow, DOWN from 23% last year. http://finance.yahoo.com/techticker/article/299149/Half-of-US-Homeowners-Will-Be-Underwater-by-2011 Second she predicted massive price declines in NYC. She predicted that NYC home values would fall 40.6%. Yet, sicne she made this prediction, home prices in NYC have NOT fallen, per Cae Shiller http://www.time.com/time/business/article/0,8599,1905085,00.html On a side note, Weaver no longer works at Deutsche Bank. [less]
Yes, she joined a hedge fund. That is quite a comedown. Her prediction was 40% from time of report to the trough.
Her underwater prediction was supposed to have come true by now based on her report.
I'm sure she would take the time honored "but nobody could have expected the ___________" (enter Lehman Brothers, quantitative easing, TARP, subprime) excuse, but yes, she missed that one.