[maehwasu]

Regardless of the fact that he missed by a bit, this type of writing is way more valuable than the standard NYT/Bloomberg "OMG IS IT A BUBBLE???" articles?

[MichaelApproved]

I would say so. The writer is giving analysis with money and reputation on the line using specific metrics.

It gives us something to measure and review. It also adds/removes credibility when we read another article with his analysis.