Are analysts worth their salt?

Although the market first showed signs of a slowdown two years ago, few analysts predicted the problems 
that the residential market is now facing. Can any of the market reports be trusted? Developers say: 
read them, but act with due caution Emil Górecki The prices of homes will grow by two thirds on average in the next three years, wrote ‘Rzeczpospolita’ in May 2007, citing experts who, unfortunately, were not named. In December of the same year, ‘Gazeta Wyborcza’ quoted experts of the Polish Federation of Real Estate making the claim that a downturn in the residential market in 2008 was highly unlikely because the economy was growing and unemployment was going down, while wages were rising. In April 2008, Paweł Majtkowski of Expander confidently expressed the following opinion in the daily newspaper ‘Puls Biznesu’: “I would not expect the prices o