I’m going to focus on just one little piece of this comment.
[quote=aldante] Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. [/quote]
All 3 are anti-fed. And Ron Paul did kind of predict the bubble. Though it started at the very early stages of the bubble, so early that it could be argued that when he began making the claim, the bubble didn’t even exist.. But he was dead wrong as to why the bubble was going to happen. He claimed it was all the GSE’s, while the facts are pretty clear (despite the fact that the claims continue to be made) that the GSE’s had virtually nothing to do with the bubble. I suspect that he continues to argue that the point is to support his own bona fides. The facts, however, don’t support either his prediction or his current claims.
