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> I think that's kinda silly to say. I knew there was going to be a housing bubble in 2001, before 9/11. Hindsight Bias - http://en.wikipedia.org/wiki/Hindsigh
by mbesto 12y ago
> I think that's kinda silly to say. I knew there was going to be a housing bubble in 2001, before 9/11.
Hindsight Bias - http://en.wikipedia.org/wiki/Hindsight_bias http://en.wikipedia.org/wiki/Hindsight_bias
If you are so sure that you could predict this, then is it safe to assume that you are worth millions now? I'm sure you can understand that if someone has full knowledge something will take place, that it'd be extremely easy to put money into the system that you could game.
> The point being, people who understand economics is a science and were paying attention to what was going on knew there was a bubble, long before it burst, and in fact, before it startsed to inflate. I didn't figure it out myself, btw, I read an article in 2001 that clued me in.
Economics is a science? I'd love to hear more.