Saturday, October 04, 2008

Foresight is 20/20, or Solutions to the Current Financial Crisis from 2002

Daniel over at Crooked Timber makes a note that if anyone had listened to his suggestions back in 2002, everything would be fine in the financial markets.

It's a bit "blame the yank", but maybe we are responsible for not stopping this train earlier, and it's funny nonetheless.

He's quite matter-of-fact about the looming financial collapse, even back then. Was the housing bubble really that obvious to everyone else?