4 ms·
The only thing that I see more and more, is that it has been now 10 years since the 2008 crisis and the longer it has been, the longer people start to realize t
by ironjunkie 8y ago
The only thing that I see more and more, is that it has been now 10 years since the 2008 crisis and the longer it has been, the longer people start to realize that something is going to happen eventually (Thanks captain obvious).
Beside that, there is no way to exactly know when or why it is going to happen. If you knew, it means that you got information that the market doesn't have (since it didn't adjust to it).
- jedharris 8y agoThis is theory, empirically the data says otherwise. in 2007 there was a huge amount of evidence in plain sight that the housing market was a bubble, but the market didn't adjust to a rational level. See "The Big Short". That greatly understates the level of willful blindness, since it deals mainly with CDOs, not so much the house prices themselves.