In which I totally say "I told you so"

[substitute]

kniwt was kind enough to point out that I was right in March 2007, and others have been kind to point out that I was right in July 2003 about the oncoming subprime mortgage tsunami.

I'd love to call myself a prophet, but most of us in Newport saw that one coming. Too bad the financial journalists didn't get to reporting on it until it was too late. Wonder why that happened?

Comments

[dmlaenker.livejournal.com]

Because they like being friends with people who have appletinis, cocaine, and Mexican resorts?

[substitute.livejournal.com]

Everyone likes to blow bubbles.

[dr-strych9.livejournal.com]

"Wonder why that happened?"

"The plainest print cannot be read through a solid gold sovereign, or a ruble, or a golden eagle." --Sam Cummings, noteworthy arms dealer

Doom comes to Sarnath

[taskboy3000.livejournal.com]

I think credit == income for too many people. Our economy is in a mighty pickle now. I suspect that only a good sized war will bail us out.

I'm thinking it will be Venezuela.

Re: Doom comes to Sarnath

[substitute.livejournal.com]

But we already have TWO! How many wars do we NEED?