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Author Topic: Supercommittee Doomed to Failure and Krugman is Excited  (Read 687 times)

Offline Peter1469

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Re: Supercommittee Doomed to Failure and Krugman is Excited
« Reply #30 on: November 20, 2011, 09:53:29 PM »
Quote from: jgreer on November 20, 2011, 04:22:03 PM
Everyone knew housing was a bubble and so was credit. Just like the dot com boom. Anyone can predict its a bubble. Oil and Gold are there now. The hard part is figuring out when that bubble is going to pop.

Dont you agree?

I certainly agree that gold is a bubble.  Oil not yet.  But I don't agree that many people predicted that housing and the financial markets were a bubble prior to September 2007.  Krugman certainly did not despite his claims to the contrary. 
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