Quote:
Originally Posted by Sholar
Why don't you take a deep breath and tell me what "The media have been foretelling a massive bust in housing prices..." (c. 2005) means to you, and then we can have a chat about reading comprehension.
ahh ya sry misread and thought your point was cain had foretold the housing bubble and was like wtf. /nimbin-brain deep breath taken
that said in 2005 the overwhelming media coverage and mantra recited by most politicians and mainstream economists was of 'no housing bubble! no housing bubble!'. which of course was the 'public' viewpoint of the federal reserve, ben bernanke, and alan greenspan as well.
so yeah, maybe that is a fabricated quote! or maybe cain happened to catch a few of the isolated voices warning of a housing bubble and was just echoing his federal reserve buddie's chants of 'no housing bubble!'?