A fact. Why he is sourced I can only guess.
He has one thing which most of the major players in this mess and the majority of contributors to this board don't.
A track record of some gravitas.
While all were rushing to invest in the stock market and real estate bubbles he was warning of the approaching danger, along with very few others.
That by itself makes him worth a hearing.
He's been right about the avalanche of bad debt and derivatives problems we've encountered. Of course, the problem is that one can be very right about the problem and equally wrong about the solution. Marx was right when he said the harrowing conditions under which the industrial worker labored were unsustainable, and wrong when he said the solution was armed revolution.