Quote:
Originally Posted by michiganmoon
I think people are too harsh. He correctly called out the exact factors that led to the housing bubble in 2006. But since it took a year and a half or so to pop, the same people who said those causes were nothing to worry about then attack him for calling for a housing bubble to pop half a dozen times. People in the Fed were telling us there was no housing bubble and wouldn't be one right up to the devastation.
Sometimes it's easier to find a bubble then predict exactly when it will pop.
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Like I said upthread when people were saying "it's not a bubble", the last thing that happens before the bubble bursts, is you get all the pundits telling you why THIS TIME it's different. THIS TIME it's not a bubble.
Then the bubble bursts, and they all say, of course it was a bubble. You would have to be blind not to see that coming a mile away.
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