How to Stop Worrying and Love the Bubble

by Alex Stenback on October 24, 2005

If your losing sleep over The Bubble Question, you can stop fretting right now, as the New York Times points out in this oddly soothing piece, IT DOESN’T MATTER WHAT HAPPENS to the real estate market, you’ll still be right.  How can this be?  Through a neat little trick, stolen from the politico’s (natch,) called "The Thesaurus Defense."

From the NYT:

"It’s that weird behavior of trying to make a word mean what you want it to mean," Mr. Barrett said. "We call it the thesaurus defense: it’s basically redefining a word in order to suit their own point of view and in order to make themselves feel right or sound right."

ยท Slippery Devil, That Real Estate Bubble [NYT]
It appears our work is done here, whether the real estate market hisses, pops, foams, froths, deflates, collapses, flattens, constricts, shrinks, or whatever.

{ 1 comment… read it below or add one }

Alexis October 27, 2005 at 5:27 pm

What, no props from anyone for the title of this post?

I laughed.

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