They Didn’t See It Coming

While nobody could have predicted the extent of the fallout of the credit crisis, the handwriting was on the wall that trouble was brewing the moment the Subprime crisis made news. It’s interesting that those who read economic and investment blogs seem to be better informed than the leadership. Take a look at this video:

[youtube=http://www.youtube.com/watch?v=HqM7hcTMXDs]

I’m sure you remember Paulson’s constant reminders that “we have a sound banking system.” Maybe the top political echelon should also start reading blogs regularly instead of watching the cheerleaders on the financial news channels?

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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