CNNMoney today posted two of the most laughable financial articles I've ever seen.
In "Real Estate" Is the party over?" (written by Fortune), they predict that housing values in Cincinnati and Dayton will see a greater percentage increase than the booming markets of Orlando and Phoenix. It looks like Fortune forgot to factor in expected growth rates -- it is population growth that is driving home values in Orlando and Phoenix. And people are moving away from Ohio to get away from the cold!
Next, in "Gunning for Google", a CNNMoney senior editor makes the hilarious claim that Yahoo's purchase of del.icio.us spells doom for Google because Yahoo can now show community-driven search results. But the author fails to acknowledge that any alteration to their search results could detract Yahoo users from paid search results - meaning this could hurt Yahoo revenue. Most del.icio.us users prefer Google anyway.
Also, the author claims that a MSN-AOL deal would also spell doom for Google. Of course, the author wrote the article back on 12/8 when a MSN-AOL deal looked likely. But it's now about 10 days later and tomorrow we expect a Google-AOL deal to be officially announced. Shame on CNN.com for not having common sense posting the out-of-date article! In any case, the claimed MSN-AOL deal would have barely impacted Google. Anyone who discounts Google fails to acknowledge that global online ad sales are expected to grow at least 20% per year for the foreseeable future and that Google is best poised to take advantage of this growth.
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