It didn't take an economist or soothsayer to call these things. A war economy with a massive run-up in property prices that were clearly irrational is a formula

It didn't take an economist or soothsayer to call these things. A war economy with a massive run-up in property prices that were clearly irrational is a formula for disaster. Hell, the financial crisis had a early warning alarm. Bear Sterns imploded in the Spring... was the subsequent collapse of Lehman and the crisis really a big surprise?