January 14th, 2009
Another hit-piece on David Lereah, this time courtesy of the WSJ. You should read, and savor, it all. But just to tantalize you:
* Lereah claiming that was only following orders!
* Lereah’s wife lamenting that they have “an expensive lifestyle” and that her husband needs to make some more money so they can still afford the housekeeper, the country club, etc.
* Lereah explaining how great he is now as an analyst: “I feel I have such a refreshing view now because I’m not representing any interests.”
(Is that even English? What is a “refreshing view”? Does Lereah actually have one, or does he just “feel” like he has one?)
The best part is the revelation that Lereah is now working for himself, advising “Japanese companies” (he’s huge in Japan!) and churning out a weekly newsletter on the housing market, for which he charges $495 a year.
Lereah says he’s got “under 50” subscribers now–which could also mean 2 subscribers–but expects to have 1,500 by the end of the year. The market for his refreshing views is red-hot!
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