Guest Post: Why 2014 Is Beginning To Look A Lot Like 2008

BlackListedNews · 03-12-2014, 03:40 PM

The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc. certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like defaulting mortgages.

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03-12-2014, 03:40 PM	#1
BlackListedNews Senior Member Join Date: Aug 2013 Posts: 12,733 Rep Power: 58	Guest Post: Why 2014 Is Beginning To Look A Lot Like 2008 The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc. certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like defaulting mortgages. http://feedproxy.google.com/~r/black...nA6RUHo/M.html