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It was obvious to me in about 2002 in the UK when I started to see people being forwarded money I knew they could never pay back, for cars and houses.
by zwischenzug 10y ago
It was obvious to me in about 2002 in the UK when I started to see people being forwarded money I knew they could never pay back, for cars and houses.
- princeb 10y agoyou would have spent 6 years believing something was going to happen before anything happened, that's 6 years out of the 8 years in between the two major crashes this millenium.
- zwischenzug 10y agoI didn't say I predicted _when_ it would happen, simply that it was obvious to a casual observer that there was a credit bubble that would inevitably burst when money couldn't be paid back.
- princeb 10y agowell yeah i mean, if you persist in saying things will go up or go down, eventually you'll be right.