[Mostly moneterists] who said there was NO bubble!

They saw it coming..
http://www.youtube.com/watch?v=-fTh2GffJsM&feature=player_embedded

Very silly comment since the Federal Reserve and the entire regulatory structure of the united states was silent on the issue...

Clearly the mortgage brokers who saw the chaning composition of credit standards knew
Regulators who saw the changing composition and increased leverage of banking institutions knew
Fixed income salesman who couldn't sell the toxic tranches anymore knew
Home buyers scratching their head over prices rising 20 YOY knew

Everyone had the clues... and I don't recall the Eternal order of keynsians raise any warnings...

So says the nimwit who thinks his coop on rsd won't hit 2001 valuations. Flmaoz.

You mean the one who doesn't know that all banks create money out of thin air?

"I don't recall the Eternal order of keynsians raise any warnings"

You mean Robert Shiller, right?

HAHAHAHAHAHA!

F'k. Hate it when I ignore myself. Little screen big thumbs. Speaking of which, everyone hit 'middle finger down' for my posts. I wanna see the SE police come after me.

Schiff is a follower of the Austrian school. He sure predicted the downturn.

http://www.youtube.com/watch?v=2I0QN-FYkpw

yea, Peter Schiff NEVER saw it coming..

http://www.youtube.com/watch?v=2I0QN-FYkpw

"He sure predicted the downturn."

And he also predicted massive inflation.

which, according to rent stabilizer, is just around the corner.

As did/do I. Which has so far not been proven to be true. All we can say at this point is that the CPI is under-representing inflation. But inflationary pressures are on the rise in the world(China & U.K being two examples). It's still a good bet that we will see it getting worse and not better.

I am amazed at the p.r effort going on. We've been told how terrible deflation is that eveeryone is rooting for bad Monetary policy. Go Inflation! Print dollars! It's pretty frightening..

You are rent stabilizer.

Where is your support for any point that you make? Or, perhaps more correctly, make up.

I did not say NO monterists saw it coming. I pointed to several prominent economic prognisticators who out-an-out said THEIR WAS NO BUBBLE. Its entirely absurd to bring in OTHER people not on this list.

Secondly, MANY prominent economists, including Schiller, Krugman, Roubini, Stiglizt (two nobels so far) and Roach from Morgan Stanley, among others, DID say there was a bubble. And not all of them were democrats or "liberals".

Although as you can see from the quotes I posted, many DID dismiss such claims ONLY because Krugman or other liberals were "plotting" to destroy capitalism. Its really absurd.

If you do a lexus nexus search for the term "housing bubble" or "real estate bubble" in relation to Western Europe or the US, there is a steady increase in such articles up through August 2007. CNBC featured the topic over a hundred times before August 2007.

So to claim somehow that NO ONE saw this coming is an utter an complete lie.

"All we can say at this point is that the CPI is under-representing inflation."

And what evidence do you have of that? Because you'd LIKE to see inflation?

"Go Inflation! Print dollars! It's pretty frightening.."

Only because you've proved you don't understand it. All the Fed is doing is increasing the money supply exactly the same way banks would, IF they were lending. But they're not.

Your theories are founded on faulty principles.

Stiglitz believes Greece is managable. The CDS spreads clearly don't support that viewpoint

http://www.youtube.com/watch?v=E4MAifsp-8E

Hugh Hendry is the man!

I know CHRIS MAYER, he's a buck toothed ninny. Literally had a 5 minute conversation about why he believed we were NOT in a bubble.. that was 2005 in a RE conference.... such a schhhhhhhmmmuuuuuck.

Riversider, you ninny.... the number of illegals have gone down tremendously since the RE BUBBLE popped. Now given your social leanings and financial acumen.... you SHOULD wish your Coop to trade at $100psf... that'll basically mean we'll have reverse illegal immigration. Or would you rather $2000psf coops and more illegals? Choices choices, teabaggers unite!

http://www.nytimes.com/2010/09/02/us/02immig.html?hp

"The CDS spreads clearly don't support that viewpoint"

Awww, so the derivatives markets ARE a good barometer of sovereign credit risk, even though this is a very new market. However, the much older inflation swaps market is a big LIE because traders base it on CPI. I see. You are insane, watching Glenn Beck and eating cheetos and calling Goldline even as I write this.