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are recanting

  • present progressive
    of recant.
    recant
    verb (used with object)
    to withdraw or disavow (a statement, opinion, etc.), especially formally; retract.

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In an excellent article on Nov. 29, Bloomberg’s John Gittelsohn and Prashant Gopal reported that some housing doomsayers are recanting their words.

From BusinessWeek ● Nov. 30, 2012