Monday, August 17, 2009
Monday evening reading from LAT -- who saw the bubble coming and do they see it going now
Here's an article from today's L.A. Times. It's about financial experts who saw the housing bubble and impending crash coming (like, that's everybody) and sold their homes. Now, some are buying again. And some are not. For those who are timing the market: are they right? Or just lucky? Or what? To me, as much as I love Paul Krugman, it just goes to show: nobody knows anything.