Originally Posted by
Bluedriver
Dumb thing to say. I don't wish ill on anyone, and I'm not insensitive to people in difficult situations. But the economy continues to demonstrate it's resilience despite predictions of its failure "just around the corner" for the last several years. Some repossessed cars and some banks taking a loss on some of the credit card debt are not likely to cause more than a garden variety recession. It will take more than that to cause the collapse predicted by genius Nick.
the 2007/2008 housing market crash was predicted by a few markers that some people picked up on.
defaults on subprime mortgages started to slowly climb years before it even happened.
they even made a good movie about it called “the big short”