The biggest early housing bear was John Talbott, former visiting scholar at the UCLA Anderson Forecast. He published a book in 2005, titled Sell Now. He probably started writing it in 2004 or early 2005, and he is advocating a recession almsot as bad as the Great Depression. He forecasts major bank collapses, massive unemployment. All this is fairly reasonable, too. It could happen.
I bet Dr. Roubini knew about the housing bubble too, as did the economist magazine.
Diego Mamani, why would a Fed member be allowed to promote their former industry? Or any industry for that matter? Shouldn’t they be independent? This Fed guy reminds me of our assessor, Smith.
