Free Republic

Lots of people claim to have seen the financial crisis coming, but few actually banked on it. Andy Beal did. He virtually shut down his Beal Bank between 2004 and 2007. When the financial crisis hit, he started buying... So what is Beal's current outlook? We are back in a credit bubble due to the Fed and easy money. Other than failed banks, Beal has again nearly stopped buying assets. ...economy is being supported by zero interest rates and deficit spending. None of this is sustainable, and when it goes away, things will get worse. The consumer can't come to...