LoebA

The Ultimate Game Changer: Why 2009 Will Be Worse Than 2008 (Part 1)

you're wrong. when I lived in New Orleans in the 1970s they talked every year about the "nightmare scenario" when a hurricane would come up to the city by the back road, that is, up through Lake Pontchartrain. I'm surprised it took all of 30 years to happen, but in the interim people cried out for investment in some real protection, and they did assessments and studies and scenarios, but when it happened it wasn't a surprise to anyone who had been there. so I wouldn't say anything that happened in the market was a suprise like New Orleans, except to the extent that when it happened to the market the weaknesses had also been predicted for years, though perhaps with less certainty. we always knew we were in a heap of trouble. so please take the facts into consideration when you write.