EX was a bit premature on the peak of Cal real estate, but he noticed the preposterous runup, and the eventual crash before anyone else I know. He and I were high level bankers at
that time in the fall of 2003, and we both knew that a crash would ensue. Around mid 2006, we warned many FReepers to cease speculating in California and Nevada real estate, and to sell any spec real estate immediately. We were spot on, and we were mercilously flamed by the likes of you, and a few others, who no doubt, lost most if not all of their “investment” property.
Over the years, EX-TX has been right at least 90% of the time in his financial prognostications. Yours would fit nicely in a thimble ;-)
Wow! They hire confused guys like ex-tx as bankers? What kinda firm would hire him?
Over the years, EX-TX has been right at least 90% of the time in his financial prognostications.
That's awesome. He must be one rich dude.
That was an excellent overview of Ex’s 90% correct economic forecasting track record. When compared to the obnoxious shill toadster there is obviously no comparison, since all the revolting toad does is support the Fed’s deleterious monetary policies which have destroyed the American economy.