re: #136 theliel

Other people who ‘predicted’ the housing bubble/economic collapse…
Calculated risk, barry ritholtz (the big picture), Tanta (RIP), prof. roubini(sp)…lots of people saw it coming.

the SEC, congress (let’s repeal glass-stegal! that’s a genious idea!), the fed and various other regulatory agencies all got together (at the urging of the executive and legislative branches) to let that clusterfuck happen.

Everyone who got on a financial news network and predicted the collapse, if you notice, wasn’t one of their “rock stars”. They were actual economists that you don’t hear much from. CNBC was far too happy pretending the Dow was headed to 100k and raking in all the sponsors money. Ever see the Fast Money during that period. It was like watching a game show, the Super Bowl halftime show, or an awards ceremony.