Because even a broken clock is right twice a day? Because even the best hitters bat 300? Because the financial crisis was a result of a run on the shadow backing system and the collapse of the housing market was a catalyst, not a cause, so who cares if they were correctly or incorrectly calling the peak of the housing market? Which, by the way, peaked well in advance of the run on the shadow banking system. Bill
Because even a broken clock is right twice a day?
ReplyDeleteBecause even the best hitters bat 300?
Because the financial crisis was a result of a run on the shadow backing system and the collapse of the housing market was a catalyst, not a cause, so who cares if they were correctly or incorrectly calling the peak of the housing market? Which, by the way, peaked well in advance of the run on the shadow banking system.
Bill