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I remember in the years leading up to 'The Great Recession'

Posted on: October 3, 2022 at 17:21:07 CT
JeffB MU
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how the 'experts' were horrifically wrong & the Austrian economists who were jumping up and down warning exactly what would be happening were literally laughed at on the air... until it happened as they warned.

Bernanke was wrong while Peter Schiff was right

https://www.youtube.com/watch?v=goBjOIdvFMs

https://mises.org/library/ben-bernanke-was-incredibly-uncannily-wrong

and Nobel laureate in economics, Paul Krugman, lamented in the NY Times about how pathetically wrong the mainstream economists were in their analysis of the economy:

How Did Economists Get It So Wrong? - The New York Times

https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html

http://faculty.econ.ucdavis.edu/faculty/kdsalyer/LECTURES/Ecn200e/krugman_macro.pdf
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MESSAGE THREAD

"The Worst Crash in Human History Has Begun" - Robert Kiyosa - JeffB MU - 10/3 14:56:49
     He's a hack - JimD MU - 10/3 16:56:13
     titanic? - JG A - 10/3 15:09:10
     Again?(nm) - Gyro STL - 10/3 15:02:36
          Credit Suisse is about to pop. (nm) - Emmanuel Goldstein - 10/3 15:23:43
               Credit Suisse is an investment bank based in Switzerland - JimD MU - 10/3 16:44:25
                    It is all about credit default swaps. The contagion already - Emmanuel Goldstein - 10/3 17:57:10
                         Remember how they kept asserting that the sub prime housing - JeffB MU - 10/3 18:30:09
                    We will see, but it has obviously caught the attention of th - JeffB MU - 10/3 17:10:41
               "Treasury Market Breakdown Is At Risk": Fed Markets Guru Has - JeffB MU - 10/3 15:35:54
                    Here's some advice-don't believe what the two Bulgarians say - JimD MU - 10/3 16:51:23
                         I remember in the years leading up to 'The Great Recession' - JeffB MU - 10/3 17:21:07
                    It's gonna be glorious seeing banks cut off lines of credit - Emmanuel Goldstein - 10/3 15:51:55
                         It doesn't sound all that 'glorious' to me. But I'm not on - JeffB MU - 10/3 16:14:04




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