How The Doomers Got It Wrong

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Business Insider Joe Weisenthal Nov. 25, 2012, 5:55 AM

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Economics blogger Bill McBride was one of the early people to call the housing bubble, and he warned furiously in the years leading up to the collapse that the epidemic of no-doc loans and boats-in-every-garage would come to a terrible end.

But unlike many other "doomsayers" who continued to warn about economic collapse long past 2009 (their names don't need mentioning... you know who they are), McBride was able to see the leg up, and has remained upbeat since the economy started growing again.

What did he see that so many others missed?

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Economics blogger Bill McBride was one of the early people to call the housing bubble, and he warned furiously in the years leading up to the collapse that the epidemic of no-doc loans and boats-in-every-garage would come to a terrible end.

Read more: http://www.businessinsider.com/why-the-economy-recovered-2012-11#ixzz2DFhE2TX5
Economics blogger Bill McBride was one of the early people to call the housing bubble, and he warned furiously in the years leading up to the collapse that the epidemic of no-doc loans and boats-in-every-garage would come to a terrible end.

Read more: http://www.businessinsider.com/why-the-economy-recovered-2012-11#ixzz2DFhE2TX5

 

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