” So they knew they were talking half trillions if not downright trillions here.”
Like I told you, I spent the summer of 2006 trying to warn FReepers to get ready for the TRILLION dollar bloodbath, but they ridiculed me constantly, so I gave up. I wish I knew how
to pull up some of my old posts : )
If you want to really understand the emanations of sub prime, and the trillion dollar RIPOFF, Ol Dan has the most amazing, quality home page I have ever seen. He must have spent hundreds of hours compiling all of this data. Worth reading for sure. I salute you, Ol Dan!
SJB, the problem many of us have, is that there is a great little cottage industry out there that humps the ‘big crash is coming’ line for decades. After a while you just learn to ignore it.
It’s not that you can’t trust folks, because I think a lot of these people have done the leg-work and think they’ve got it pegged. And yet decades to by and no crash.
How do we select the right tree out of the forest?