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How The Doomers Got It Wrong [1]

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Submitted by MomT on Sun, 11/25/2012 - 08:33

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?

To read the rest of this story visit Business Insiders [2]

Economics blogger Bill McBride [3] 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 [4]
Economics blogger Bill McBride [3] 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 [4]

 

Category: 

  • 3D News [5]

Source URL: //soundofheart.org/galacticfreepress/content/how-doomers-got-it-wrong

Links
[1] //soundofheart.org/galacticfreepress/content/how-doomers-got-it-wrong
[2] http://www.businessinsider.com/why-the-economy-recovered-2012-11
[3] http://www.calculatedriskblog.com/
[4] http://www.businessinsider.com/why-the-economy-recovered-2012-11#ixzz2DFhE2TX5
[5] //soundofheart.org/galacticfreepress/type-post/3d-news