“You know, 5 years ago I’d have laughed at the theory that all is gloom...I thought the collapse of the housing market was as unlikely.”
“You weren’t paying attention or were reading the wrong sources..”
There were plenty of Freepers here who mocked those who tried to warn people of the coming housing collapse. Would post “oh, NO, we’re doomed!” Those FED rent boys lied to a lot of people.
I have a different take.
I don’t doubt that we are already on the path of no return, but my prediction is we will get a Pinochet style dictator before all this unfolds....IMO
One thing that wasn't knowable back then, was how it was going to be dealt with. We are doing everything we told the Japanese not to do in the aftermath of their housing collapse..