In which I totally say “I told you so”

kniwt was kind enough to point out that I was right in March 2007, and others have been kind to point out that I was right in July 2003 about the oncoming subprime mortgage tsunami.

I’d love to call myself a prophet, but most of us in Newport saw that one coming. Too bad the financial journalists didn’t get to reporting on it until it was too late. Wonder why that happened?

5 thoughts on “In which I totally say “I told you so”

  1. “Wonder why that happened?”
    “The plainest print cannot be read through a solid gold sovereign, or a ruble, or a golden eagle.” –Sam Cummings, noteworthy arms dealer

  2. Doom comes to Sarnath
    I think credit == income for too many people. Our economy is in a mighty pickle now. I suspect that only a good sized war will bail us out.
    I’m thinking it will be Venezuela.

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