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1) 'Crackpot' labeling is also an easy way to label the crackpots, to discourage you from wasting your life either believing nonsense or trying to argue against
by gloob 17y ago
1) 'Crackpot' labeling is also an easy way to label the crackpots, to discourage you from wasting your life either believing nonsense or trying to argue against it. It is not worth my time to do independent research on the question of whether the Americans actually landed on the moon.
2) You know what they say about broken clocks and being right. Someone who is always predicting a collapse will successfully predict any collapse.
- lotharbot 17y agoMany of the people predicting this collapse were "new players" to the market, not people always predicting collapses. Take the guy who runs seattlebubble.com. He's an ordinary guy who wanted to buy a house, realized prices were really high compared to his expectations, and started digging deeper. He hadn't predicted any past collapses of anything, he just realized that housing costs were unsustainably high and called it. Many of the other bubble-predictors were in the same boat. The guys always predicting collapses are crackpots. The normal people who called this bubble because they realized house prices had jumped without corresponding changes in income or demographics, but only changes in bank lending standards, were not crackpots.