SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Broken_Clock who wrote (23624)5/28/2011 12:56:51 PM
From: Giordano Bruno1 Recommendation  Read Replies (2) of 119361
 
Ladies and gentlemen, I give you Captain Obvious.

Gifted with the power of hindsight, Captain Obvious has become
ever-more visible in the mainstream media since the subprime
debacle raised its now familiar head.
“The Greenspan Fed keeping rates at 1% for over a year was reckless”
Thank you, Captain Obvious
“Lending hundreds of millions of dollars to sub-standard credit risks was a
bad idea”
Thank you, Captain Obvious.
“Allowing Lehman Brothers to employ 33x leverage was a ridiculous thing
to do”
Thank you, Captain Obvious
“Enabling BBB tranches of mortgages to be re-packaged as AAA
was downright crazy”
Thank you, Captain Obvious
“Assuming there would never be a nationwide decline in house prices
simply because there had never been a nationwide decline in house prices
was a naïve assumption”
THINGS THAT MAKE YOU GO Hmmm... 4.
27 May 2011 4
Thank you, Chairman Bernanke Captain Obvious
Or a more current example;
“Greece was never going to be able to meet the EU requirements and was always going to need
a further bailout”
Thank you, Captain Obvious.
You get my point.
So, the trick is to try and figure out just what our friend Captain Obvious is going to use
the power of hindsight to establish for us once things have played out - and doing so could actually
be easier than you might think.
Firstly, you have to take a look for something that is so obviously a problem as to be essentially incontrovertible.
Secondly, you have to make sure it is a situation about which powerful men (and women) are making
assurances that it ISN’T a problem
Thirdly, you need to cast your mind forward and imagine that the problem actually comes to pass and
then insert it into one of the following sentences:
“I can’t believe we thought_______ wasn’t going to be a problem”
“Why did we EVER think_______ would_______ for so long?”
“Why on EARTH did we listen to_______?”
“It’s hard to believe that_______ continued to_______ for so long”
Finally, you simply need to add the sentence “Thank you, Captain Obvious”.
If it makes sense then - Bingo!

zerohedge.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News