Quote:
Originally Posted by sck5
you guys miss my point. the point wasnt that people should have "picked the top". It was that it was very clear that an unsustainable bubble was in progress and that when it popped it would be unpleasant. In other words, it WAS foreseen by many though apparently not by anyone in a position to do something about it. At it was foreseen not a week or two ahead of time, but YEARS ahead of time.
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Well I agree with you there, Sck5. Yes, plenty of people knew what was going on, a lot of folks have been talking about it for a decade or two. Certainly the FED knew what was going on.