He's also an idiot. Take this passage, for instance:
The main thing standing in the way of a housing bounce-back is a sharp fall in household formation — econospeak for lots of young adults living with their parents because they can’t afford to move out. Let enough Americans find jobs and get homes of their own, and housing, which got us into this slump, could start to power us out.
Translation: Let the economy recover and the housing market will recover. When the housing market will recover, that will make the economy recover!
With circular reasoning like that, now
anyone can become a Nobel laureate.
