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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (259420)	7/8/2010 9:15:34 PM
From: yard_man	Read Replies (2) \| Respond to of 306849

yeah, just like the housing bubble that no one saw while they were giving interest only loans -- yeah, yeah ... forecasting is a tough business. Be kind and just keep looking at what they are forecasting for tomorrow ... the past is the past <g>

To: Skeeter Bug who wrote (259420)	7/9/2010 4:59:36 AM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

No one could have seen it coming. ;-) Let me ask you a serious question.... How could a handful of people on SI see it coming and people like Celente....who called the 2007 great recession in 2004....and no one else see it coming? Celente called everything: The panic of 08. The collapse of 09. Go for the gold in 2001 at $250? Now calling Gold $2000. Now calling terror 2010. The crash of 2010. It just doesn't make sense. Is the whole system just that corrupt and broken? Now....Celente is saying....by the end of 2010....the crash of 2010 will have taken place....and we will have entered the greatest depression. He's also saying that by 2012....it will be an economic apocalypse.....riots....food shortages (Greece). Faber says....financial armageddon is on the way. Why can't anyone else see it coming? What kind of evidence do people need to see....or what kind of arithmetic do they need to learn? At least Palin is now saying....we're on the way to insolvency.