CDMA ENG: Hey, I’ve been to some great parties at ASU! Be proud of your alma mater. Hell, I went to SDSU, and constantly have to put up with my buddies who matriculated at Stanford and Bezerkley demeaning my fine CalState education.
As far as SD Sundevil goes: We are looking at the largest credit bubble in financial history. His (or her) referring to it as a housing bubble does indeed underscore his (or her) ignorance as the housing bubble is simply one component of the larger credit bubble driven by years of the Fed’s excessively loose monetary policy.
Anyone who lacks even a passing familiarity with basic Econ101 type principles shouldn’t be bloviating about this site’s inability to properly call the bust.
SD Sundevil: Next time you are at Barnes & Noble picking up your copy of the Utne Reader, add The Economist, The Financial Times and a Wall Street Journal to your reading selection. Bring a dictionary for the hard words and spend a weekend educating yourself.
